Dream Retirement: How Much Does It Take?


Today marks the commencement of 7 days of Retirement Week at Irwan.Biz. Without further ado, let’s tackle the basic question first. How much does it take to achieve your dream retirement?

To help us out, Azhar Khamaruzaman has came out with his useful estimating calculator. With just seven boxes to fill, this calculator will estimate how much monthly investment (or lump sum) that you need to achieve your desired annual income in your retirement years. Pretty useful and motivating stuff. (link to download after jump)

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The yellow boxes that you need to fill are intuitively understandable. However, if you have troubles with it, just leave a comment below. We would be glad to answer.

Download: Retirement Plan.xls

Don’t forget, if you have any knowledge to share about retirement, write it in your blog and email me the URL or just email me your whole article.

  1. #1 by matgori on August 13, 2007 - 11:55 am

    good info here, keep working bro.

  2. #2 by lukxiufung on August 13, 2007 - 4:32 pm

    it is the number in red color is the investment that i need to do currently? Investment on what?

    I am not good in this kind of calculating 😛 but i think i need this info 🙂 thanks!

  3. #3 by Irwan on August 13, 2007 - 4:51 pm

    Hi kailoon,

    yeap you got it right. and of course, this calculator doesn’t tell which investment that we should make.

    The yellow box just above the red ‘Lump Sum’ is your expected return from the investment. It could be Fixed deposit(average 3-5%), mutual fund (average 5-15%) or stocks/equities. apparently, the higher the investment income percentage, the higher the risk.

    You might want to check Anatomy of investment category

    http://www.irwan.biz/category/anatomy-of-investment/

    and btw, it’s a nice drawing that you made for kaklong. I could tell she really likes it.haha

  4. #4 by wan on August 13, 2007 - 11:43 pm

    government servant hav pretty good retirement benefits. so go get a job with gov. heheh

  5. #5 by reyna elena on August 14, 2007 - 6:27 am

    hey nice info! i’d like to use that file and post it in my site! i’ll let you know!

  6. #6 by lukxiufung on August 14, 2007 - 9:43 am

    Thanks for you info 🙂

    So, you wana make on ? hehehe…

  7. #7 by Mohd Shahirasul on September 2, 2007 - 11:24 am

    Does monthly investment required, inclusive of EPF?

    i think you can create another better calculator, to which, the user only need to key in, BASIC SALARY (so, you can count the deduction of EPF, and employer contribution), BONUS ALLOWANCE (side income) – then the rest go automatically.

    thanks

  8. #8 by Phoebe Clarke on September 15, 2010 - 2:24 am

    as i approach my retirement age, i would like to save more to have a vacation:’-

  9. #9 by Detox Diets : on October 25, 2010 - 9:14 pm

    when i get a retirement, i would like to spend it on a tropical island with a very relaxing atmosphere-”

  10. #10 by Adjustable Dumbbells on December 22, 2010 - 2:16 am

    when i do get my retirement, i would really love to relax near the beach and enjoy a home on a tropical country “-~

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