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?

What is inflation, and what inflation rate does StashAway use when calculating my projections?

Ernie Suhana

3 years ago
Updated

Inflation refers to how much the price of goods increases each year. In other words, it refers to how a dollar in the future will be worth less than it is now. We use an inflation rate of 2% in our calculation.

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