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Do you want to guarantee R$5,000 in retirement after many years of dedication? Find out how.
Retirement is always a concern for many, from newcomers taking their first steps in their careers to veterans approaching retirement. With recent changes to Social Security, the main concern now is how to maintain one's standard of living after leaving the job market.
In this situation, the worker faces two choices: adhere to the rules of the National Institute of Social Security (INSS), considering the amount and duration of contributions to reach a specific retirement value, or diversify their investments in funds and financial assets.
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It is best to start financial planning for retirement as soon as possible. However, this does not prevent those who are older from getting organized. Below, we will explain how much someone needs to save to ensure R$5,000 in retirement.
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How to reach R$ 5 thousand in retirement?
First, it is important to understand that saving alone is not enough. To reach R$5,000 in retirement, it is essential to invest a fraction of your savings. Additionally, the amount to be invested will depend on the investor's age.
For example, a 30-year-old individual who plans to retire at age 65 should channel his resources into an investment that generates approximately R$7.5% per year. Therefore, he should contribute approximately R$$ 640 each month.
After reaching age 65, he should maintain investments to safeguard retirement funds. In this scenario, investments can generate around 3% annually.
Read also: How to operate the 'bring money' function in Open Finance?
And for someone who is 50 years old?
If a 50-year-old professional wants to retire at 65 with an amount of R$5,000, he will have to make more robust contributions. Therefore, investments should yield around R$4,651 per year, and monthly contributions need to exceed R$4,600.
