Your money in ‘today’s value’ refers to how much a dollar can buy you today, as we know that today’s dollar won’t have the same value as it will in 10, 20, or 30 years from now. To make it as easy as possible for you to conceptualise how much you’ll need in the future to afford the lifestyle you want, we’ve calculated how much income you’re projected to have in today’s value by accounting for inflation.
Articles in this section
- How can StashAway help me with my financial plan?
- What is financial freedom?
- What is net worth?
- What’s the difference between my existing retirement portfolio and this financial planning tool?
- How does StashAway calculate the target amount required for me to achieve financial freedom?
- What are the rules and assumptions used in calculating my CPF projections?
- Why do we need to account for inflation in our financial planning?
- Why does StashAway assume that during financial freedom years, all assets will only grow at 4% p.a?
- What is inflation, and what inflation rate does StashAway use when calculating my projections?
- What does my money in “today’s value” mean? Why does StashAway use today’s value to compare my projected income and target income?
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