S’poreans’ retirement funds enough for only 13 years: DBS survey

[Zelphon]

Assume 500k - 1st year expenses ($42K) and then multiply by (1 + interest/return rate), to get next year balance

500K with 1% return will last 12 years+
500K with 2% return will last 13 years+
500K with 3% return will last 14 years+
500K with 4% return will last 15 years+
500K with 5% return will last 17 years+
500K with 6% return will last 18 years+
500K with 7% return will last 22 years+
500K with 8% return will last 27 years+
500K with 9% return will last 48 years+
500K with 10% return will last forever as your balance keep on increasing

So those wil 500k should dump all their money into REITS that gives above 7% returns or more...