Asked on 10 Jun 2020
Any advice for me?
"Only $5.5K" sweatdrops
Your income level is above average.
You can make it!
I did a simple calculation with the numbers you have given, and added some assumptions on my side.
The good news is that it should not be difficult for you to hit 1M65 in your current situation. However, more information will be needed to give a more accurate calculation.
As a quick advice, you should start looking for tools that can grow your money and do it now (eg. CPF for Mr Loo and his wife).
So it is not too late for you to get 1M65 now :)
Better late than never.... you are still very young so hurry hurry....
It is not entirely impossible since 1M65 has the assumption that the couple does not work from 30 to 65 and Mr Loo started out with about 2.3k starting pay. It will depend on your sacrifices to lifestyle choices (expenditure), salary growth, knowledge of personal finance, and getting a spouse.