Friday, September 30, 2011

Cost Of Living

Years of Living /Cost Per Year/ Total Amount Required

19------------- RM30,000------------- RM570,000

19------------- RM48,000------------- RM912,000

19------------- RM60,000------------- RM1,140,000


The above was assumed as when you retired at age 60 and lived for 19 years, the amount required for yearly usage.

First one was for RM2,500 per month which was the most economical, while the second was based on monthly of RM4,000 per month and third RM5,000 per month.

Bear in mind, that the cost of living today cost RM 1,800 may cost twice or thrice 10 years down the road.

Do you think your savings is sufficient to cushion this impact ( inflation) ?

This is only the daily cost for food, shelter, clothing and utilities NOT inclusive of medical expenses.

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