CAN you RETIRE COMFORTABLY?

HOW MUCH DO YOU NEED FOR YOUR RETIREMENT?

Let's just make a simple calculation on your daily 3 meals expenses on the day you start retire until the day you meet your grandma at the heaven. (Assume from age 55 until 80)

Breakfast
Your breakfast consist of 2pcs of toast and 1 cup of coffee O, RM 1.50 and RM 1.00 (Kuching price @2009), respectively.

You will have same breakfast set, everyday for 25 years. Assume no increase in price.

RM2.5 x 365 days x 25 years = RM22, 812.50

Lunch & Dinner
经济快餐 Fast food at kopitiam, 2 vege + 1 meat + rice, no drinks ordered. RM3.50 (Kuching price @ 2009)
Assume you'l have same meal and no increase in price.

RM3.5 x 2 x 365 x 25 years = RM63,875.00

GRAND TOTAL = RM 86, 687.50

So, how about with your spouse? You'll have to save RM173,375 for 3 meal expenses.

IF inflation take place? Let's make a simple assumption of only 3% inflation.
You need to save RM363,012.58

THE DIFFERENCE IS 109.38%

MY dear friends, HAVE YOU SAVE ENOUGH TO MAKE YOUR STOMACH FILLED FOR YOUR 25-YEAR-RETIREMENT PERIOD?

How about your household expenses? Your ASTROE fee? Your medical card insurance (which usually pay until age of 70)? Your holiday plan? Your grandchildren's 'ANG PAO'? ETCs.........

OooooWOW!!! HOW HORRIBLE TO THINK OF THAT...


SOLUTION
Start saving TODAY!! Park 10-20% of our income into higher-interest invesment tools.