40 +. Want to retire? How to prepare money?

Retired preparation must calculate exactly how much money to spend and how many years to accumulate.... Mae Oh, please share the techniques you have done and can happily live in retirement in 40 +, as follows:

✅ How to calculate retirement money

1. Set the retirement age of wanting to stop working

• Like 60 years → 15 years left to collect money

2.Calculate cost per month after retirement

• e.g. use 30,000 baht / month → 360,000 baht per year

3. Set the age, expect to live after retirement

• Assuming 85 years → It takes 25 years × 360,000 = 9 million baht.

4. Deduction of money already available

• Savings, Provident Fund, Pension Insurance, etc.

• Assuming that there is already 2 million, → 7 million more must be accumulated.

5. Plan investment / savings

• If saving 15 years, an average of 470,000 baht per year must be collected (if collected alone without investment).

• But if you invest money to grow, such as mutual funds, an average return of 6-8% per year → will collect less.

✅ A tool suitable for the age of 40 +.

• Mixed Fund / RMF (Diversify, Opportunity to Grow)

• Provident Fund / B. (Increase the stake to grow in time)

• Pension insurance (receive regular income)

• Property, rental (supplementary income after retirement)

✅. Trick.

• Don't stop saving even with a debt burden → Should split at least 10-15% of income

• Focus on investing big money, not just collecting cash (not enough risk because of inflation)

• There is an emergency fund for 6-12 months of expenditure to not affect retirement.

Today, Mae Oh is very happy because the retirement plan is on the right track... I wish my friends who are planning to retire a happy life like this. 😊

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