Want to Know How Much Money You Will Have When You Retire?

Do you want to know how much money you will have by the time you retire? The Truly Rich Club has created a retirement calculator which computes how much you will have in retirement money based on your current age, how much money you currently have, how much you plan to add per month, years to grow and the forecasted interest rate.

Bro. Bo gave formulas on how to retire with P1M or P5M or P10M or even more.  Here they are:

If you want to retire with P1 million, remember this formula: 10,000; 1,000; 20; 12

If you want to retire with P5 million, remember this formula: 20,000; 5,000; 20; 12

If you want to retire with P10 million, remember this formula: 50,000; 10,000; 20; 12

What do these formulas mean?

Enter these numbers in the Truly Rich Club retirement calculator and you’ll be excited about the possibilities of investing in the stock market.

You can access the Truly Rich Club retirement calculator (even if you’re not yet a Truly Rich Club member) here.

Let me explain the numbers you need to type in:

Starting cash – amount you currently have invested in the stock market.  If you haven’t started investing in the stock market yet, then you can just type 0 in this field.

Monthly Addition – amount you plan on regularly investing in the stock market.

Years to grow – could be the number of years till you get to your target retirement age, or the number of years you plan on continuing to invest in the stock market. 

Interest Rate – the forecasted average interest rate of investing in the stock market.  Here are today’s current growth rates:

1. Bank Savings Account –     1% a year
2. Bank Time Deposit – 3% a year
3. Retail Treasury Bond – 5% a year
4. Stock Market – 12% or more a year

Go ahead and play around with the figures until you are satisfied and excited about what your retirement fund looks like.  Then work towards the numbers you entered, for example if you entered P5,000 monthly addition, then find ways of being able to actually do that, discipline is the key for you to realize the dream.

Also, the final numbers would depend on your current age, and when you plan to retire.

For example, why stop investing at age sixty? Stretch it to sixty-five.

So if you’re thirty-five years old now, you don’t have twenty years of investing horizon; you have thirty years.  That will change everything.

Using the formula for getting P1M above, you’ll end up with P3.5M.

And using the formula for getting P5M above, you’ll end up with P3.5M.

And using the same formula for getting P10M above, you’ll end up with a whopping P33.9M.

That’s the magic of time and discipline.

I urge you to start your stock investment journey as early as possible, the earlier, the higher the potential of your stock investment becomes.

I am excited for you, (future) millionaire!