How to Calculate Your Retirement Number (Step-by-Step)

How much do you really need to retire comfortably? In this video, we break it down step-by-step—from estimating your lifestyle expenses and accounting for inflation, to factoring in dividends and CPF payouts. We then bring everything together to calculate your “magic number” so you can retire with confidence and clarity. Whether you're just starting your journey or fine-tuning your plan, this guide will help you take control of your retirement strategy. 00:00 Intro 00:58 Lifestyle expenses 01:40 Inflation 02:31 Dividends 04:41 CPF 07:46 Magic number 10:12 Retirement 🧮 CPF RETIREMENT CALCULATOR https://www.cpf.gov.sg/member/tools-a... 📧 THE FIFTH PERSON NEWSLETTER - Subscribe for Free Exclusive Webinars and More! https://fifthperson.com/newsletter/ 📖 FREE EBOOK - A Quick-start Guide to Winning the Game of Stocks https://fifthperson.com/ebook/ Here are a few more investing tips and tutorials to help you out: 💵 HOW TO INVEST IN DIVIDEND STOCKS    • How To Invest And Make Money From Dividend...   🏢 HOW TO INVEST IN REITS    • How To Invest In REITs For Passive Income ...   🏖️ HOW TO GROW YOUR CPF FOR RETIREMENT    • How To Grow Your CPF For Retirement - $1 M...   📄 HOW TO READ A FINANCIAL REPORT    • How To Read A Financial Report - Step By Step   _________________ 📊 Get more investment insights, tips, and company analysis from our blog (100% free). https://FifthPerson.com 🎙️Also on Spotify: https://podcasters.spotify.com/pod/sh...