mark_pogi Posted January 24, 2009 Share Posted January 24, 2009 in 30-35 year pa ako magreretire. i hope makaipon din ako ng malaki granting i would have 3-5 kids. retiring in Manila is good but considering the expenses and pollution, i would prefer to retire in the province. Quote Link to comment
lego Posted February 14, 2009 Share Posted February 14, 2009 If sa Province - 2 - 3 M siguro Oks na ..pag sa Manila - mga 5M atleast .. Quote Link to comment
daysleeper Posted April 24, 2009 Share Posted April 24, 2009 - A business that brings in a steady income plus at least 10M in time deposit (liquid asset na rin in times of emergency).- Sariling bahay para iwas sa rent, and a car for mobility.- Health and property insurance, since a single bout of misfortune could make you lose your fortune instantly. Quote Link to comment
jun dela cruz Posted April 25, 2009 Share Posted April 25, 2009 40M with a business that brings in 100-150k/month income is already fine in manila...otherwise nakkatakot mag retire...maconfine alone sa st lukes will run in the thousands na! Quote Link to comment
Chi-Chi Posted April 27, 2009 Share Posted April 27, 2009 Haha napaka exagge naman ng iba dito. are u gonna buy a house every 3 years or something. Remember if you retire by 65, you got THE MOST 30 yrs to live lalo na u live in a polluted city like manila...ookay maybe more sa iba, pero majority less than 30 talaga. anyway, IMO, mga 10 mill in the bank term deposited, tapos business that brings in around 60k a month okay na. ung iba dito parang kala mo ayala zobel OA nio relax naman kayo sa amounts! hehe Quote Link to comment
bizzboll Posted April 29, 2009 Share Posted April 29, 2009 40M with a business that brings in 100-150k/month income is already fine in manila...otherwise nakkatakot mag retire...maconfine alone sa st lukes will run in the thousands na! damn dude that's way too much unless you are gonna live the life of the fabs and elite, you don't need that much money to retire... Quote Link to comment
jun dela cruz Posted April 30, 2009 Share Posted April 30, 2009 I know a number of people living in makati, most of whom are senior citizens, losing a cool $1M or so in the US stockmarket...yun nga lang they no longer have those millions for retierment but it used to be a reality for these people...aim for the stars and if you fall, you fall on the roof, not the ground hehe Quote Link to comment
MRROUGHSEX Posted May 2, 2009 Share Posted May 2, 2009 Several assumptions need to be taken into account to make the postings here comparable. According to definition, "retire" means to stop from work. That to me means any self-businesses that you have have to "work" for to manage means not retirement. It's simply a change in business ownership whereas before you work for someone else but now you work for your own. But it is still work and you are not yet retired. All that to say, the amount one has saved must be enough to sustain one's self upon retirement. Chi mentioned a very good estimate of 30 years of longevity after the legal retirement age of 65. Of course, another assumption one has to make here is what base year the retirement will come. Obviously if a person posting here is 65 years old, then his retirement amount will be based on today's current prices. But a kid posting here may be looking at 35 year's prices down the road. Ergo, it is very possible that someone's Php10M and another's Php40M may be equal if they were converted to the same base year. Another assumption should be that one's retirement amount is exclusive of outstanding debts. This is because an amount of Php10M without debt and an amount of Php40M with Php30M debt is the same. So the question is, excluding debts, how much would you need to sustain yourself for 30 years if you were to retire using base year 2009 prices ? My answer to this is Php10M. Quote Link to comment
Vegasboy32 Posted May 2, 2009 Share Posted May 2, 2009 Just retired don't work there again. Quote Link to comment
Naranggerel Posted May 6, 2009 Share Posted May 6, 2009 you need a lot... pangit ang pension dito sa atin... kaya di ma-enjoy ng matatanda ang buhay nila unlike s aibang bansa na bakasyon lng ng bakasyon... Quote Link to comment
masternikki Posted July 11, 2009 Share Posted July 11, 2009 puede na 10M, earn interest pa sa bangko Quote Link to comment
RTC87 Posted July 13, 2009 Share Posted July 13, 2009 Bayad ang bahay at kotse ko, pero kulang ang $3,500 na pension ko. Quote Link to comment
paul_awesome Posted July 13, 2009 Share Posted July 13, 2009 habang binabasa ko mga posts nyo, parang natatakot tuloy akong tumanda at magretire... im 28yrs old, pero wla pa ako naiipon.. waah.. yup i agree that its really a good idea to establish a business that will bring a steady flow of income... but 30-50k a month? wow.. i mean, how i wish ganyan ang kinikita ko right now dito sa pilipinas.. damn.. i guess i really need to work abroad then return here in the Philippines after 25 years for my retirement... Quote Link to comment
Zephiroth Posted July 14, 2009 Share Posted July 14, 2009 better start saving o.O 10m and above i guess, unless you still want to live life in the fast lane Quote Link to comment
masternikki Posted July 17, 2009 Share Posted July 17, 2009 9million baka puwde na rin Quote Link to comment
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.