Just wondering that i can never retire from the work as the property price and living expense is so high in HK. with 10 million you can only purchase an apartment at 600-700 squaret feet on island. how much is good enough to retire?
原帖由 graceguo1022 於 13-01-17 發表
Just wondering that i can never retire from the work as the property price and living expense is so ...
Depends how much you spent per month, assumed is $25,000 per month.
Assumed you have a fully paid property.
Assumed you are at retirement age of 65 and assumed you are going to live to 85.
Than it would be around (20*12*$25000=> 6 millions dollars).
yes, and the inflation is yet not taken into account.
A lot of things has not been taken into account, for example you son or daughter might want to borrow some money from you for a initial deposit on a tiny property or something worst like a major operation fee in hospital after an accident. etc...