Thais should save at least 4.36 million baht when they retire so they can have 16,000 baht to spend every 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. 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. While some Thais already have nest eggs under different schemes, the amount is much smaller than what he recommended. 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 13:33 UTC