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Affluent. HK$62,000. per month. Another simple way to calculate retirement cost is to apply The rule of 300^. Simply take your current monthly expenses and multiply that amount by 300. The amount you get is how much you'll need to have saved to keep living the lifestyle you currently live when you retire.
You can also choose to put your money in investments, insurance plans and retirement plans, which allow your money to work for you, or at the very least, keep up with inflation rates. For Ho and Wong, planning for retirement meant investing their money in different, but equally successful ways. Wong says, “I looked into retirement planning in ...
1 This is based on the assumption that the amount of SGD 50,000 is withdrawn 10 years prior to retirement. If instead of being withdrawn, this SGD 50,000 is invested at 5.5% average returns per annum, the investment will grow to SGD 85,000 at retirement, providing SGD 4,000 per annum for 30 years in retirement.
For further information, please contact: Standard Chartered Bank (Hong Kong) Limited Gabriel Kwan / Lilian Goh Tel: +852 2820 3036 / +852 2820 3481 Email: gabriel.kwan@sc.com / lilian.goh@sc.com Note to editors: Standard Chartered We are a leading
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According to the latest report from ultra-high net-worth (UHNW) data provider Wealth-X, Asia’s ultra-wealthy population (those with a net worth of US$30 million or more) now number 68,970, with a combined fortune of US$8.365 trillion, up 27 per cent on 2017. Now that we have everything we physically need – indeed oftentimes too much of it ...
