I am 28 years old and I started working at 26 after getting qualified.
My starting pay check was 5.2k monthly for 1.5 years before I got headhunted and switched firm half a year ago. The new job started with 11.5k for the first 6 months. My salary just got reviewed and I am currently earning 12.5k this month.
This is my current savings portfolio:
Cash savings: approx 29k
CPF OA: approx 31k
CPF SA: approx 8.5k
Investment linked policy surrender value: approx 6.2k.
I have not started investing in stocks and am thinking of going into property after accumulating more savings for down payment. I target to get first property 1.5 to 2 years from now.
How am I doing? Is there a national savings guide on how much one should have saved by 28 (apart from the JP morgan survey). Just looking for mean values across age groups to compare how I fare.