How many paydays do you have until you retire?

Well, if you’re 40 and you want to retire at 60 you’ve got just 240 pay days...what if you’re 50? Did we forget to mention inflation? Scary stuff isn’t it!  Nonetheless, don’t give yourself sleepless nights as by saving and investing regular amounts, however small, you can make a difference and avoid financial disaster. For those of you already retired, by carefully investing a lump sum you can maximize your income potential. There are so many more retirement savings options available to you as an expat that give you tax benefits, financial benefits and flexibility benefits.

Something to think about;

25-year-old putting away US$327 per month at 5% should have a half a million dollar nest egg by the age of 65 but a 45-year-old would need to save almost 4 times that amount -- US$1,216! -- to achieve the same. In fact, if the 25-year-old only wanted to save money for 20 years at 5%, he would only need to increase his monthly savings to US$445 to still accumulate US$500,000 by the age of 65