Thais should save at least 4.36 million baht when they retire so they can have 16,000 to spend each month over the next 20 years. The advice came from Krisada Sektrakul, deputy manager for capital market knowledge development at the Stock Exchange of Thailand, according to a Post Today report. Mr Krisada said the monthly figures was based on gross national product per capita at 192,812 baht a year or 16,068 baht a month. When adjusted by inflation at 3% a year on average and the minimum investment return rate, the amount would be 29,255 baht over the next 20 years or 4.36 million baht in total in today's value. Only 15 million, or 37.5%, of 40 million people aged 20-59 are saving for retirement, he added.

Source: Bangkok Post April 18, 2017 10:41 UTC