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Calculating Savings for $500K Goal

The document outlines the concepts of risk appetite, ability, and capacity in relation to financial goals. It provides an example of how to accumulate $500,000 in 10 years, detailing the monthly savings required at different rates of return. A savings calculator link is also included for further assistance.

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Nguyễn Phú Thanh Tùng
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32 views6 pages

Calculating Savings for $500K Goal

The document outlines the concepts of risk appetite, ability, and capacity in relation to financial goals. It provides an example of how to accumulate $500,000 in 10 years, detailing the monthly savings required at different rates of return. A savings calculator link is also included for further assistance.

Uploaded by

Nguyễn Phú Thanh Tùng
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Risk Profile

Risk Appetite
Risk Ability
Risk Capacity
Your need to take risks largely depends on the
returns you want.
Savings Example

Assuming you want to accumulate


$500,000 dollars in 10 years time.
How would you achieve this financial
goal?
$500,000/10 = $50,000 a year
$50,000/12 = $4,167 a month
Rate of Return = 0%
Rate of Return = 2.0%
Monthly Savings Required = $3,762
Rate of Return = 4.0%
Monthly Savings Required = $3,385
Savings Calculator

[Link]

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