S’poreans’ retirement funds enough for only 13 years: DBS survey

[Ray168]

IMO, SG economy may has reach its peak, and at mature phase.

So, the 7~8% CAGR of STI may not repeat itself.

Ha! Ha!
Let's assume everyone can calculate like you. But not everyone can save or invest like you. In fact i think maybe only very few people are like you. i definitely is out. i can't calculate like you.

Hi Temperament,

For a long term holder of ETF/ Index, a 7% return (inclusive of dividends) is average imo. The "Straits Times Index ETF generated 8.4% annualized returns over past 10 years" (Motley Fool Singapore, Mar 2014).
As for the savings part, saving $6,200 or $8,950 is not hard, break it into months and you are saving $500 or $750 a month. This amount stays fixed throughout your working life until 65; while your wages grows annually. So the proportion gets smaller YoY.

To Investor 101,

I do agree on your point 1 of excessive housing expenditure. I am interested to see how individuals are going to service their loan post housing downturn or interest rate hike. Many ppl are speculating on properties including the young. For point 2, here is the beauty of the COE boom and collapse. I know of many ppl in their late 20s/30s who own cars but are still able to spend/save/invest well with 2 kids. This is because they paid for the COE cheaply between 08-09 and hang on to their car. Similarly, there is another group of individuals who purchased their car in 03-06 on the cheap and are opting/have opted not to buy a new one. Here there is a timing element and a lifestyle choice