Replies
Hi, Uncle chessgame here again. I re-ran your number and assumptions. And i got these initial results. And I cant compare with your numbers as you didnt state the results you have calculated in your latest article . So maybe let me show what I did instead : First run of the calculations : If these are your results, then i think i know why you came to this conclusion : " Given such strict conditions, I don't think we can say that a Singaporean with average income can successfully retire comfortably at 55 years old under usual circumstances. Cos the portfolio numbers of $753k is barely above 25x of the annual spend which is at $727k . I also thought about the assumptions made and i view there needs to be some adjustment to the initial calculations made and the assumptions. 1. Debt amount - it should not be rising every year with the pay increase. That is not how loan works. Usually, the loan premium amount is flat over the years. If you did increase with the pay, then