Even if you are 50 years old and have no savings, 90% of people do not need to worry about retirement… This is the reason why a financial professional declares this[2023 Editorial Department Selection]You can earn an average of 84.65 million yen in 20 years from the age of 50. spending will be significantly reduced | PRESIDENT Online

We present to you “Editorial Department Selection” from popular articles published on President Online in the first half of 2023 (January to June) that you may want to reread now. (First release date: May 26, 2023)

There are many reports that stir up anxiety in old age. However, economic columnist Hideki Oe says, “There is plenty of time to prepare money for retirement even from the age of 50.It is difficult to save money in your 40s, but your savings will increase significantly in your 50s, and you have the option of continuing to work at 65 and 70.” ” –.

*This article is a re-edited version of Hideki Oe’s “Money Things You Shouldn’t Do After Age 50” (PHP Business Shinsho).

Frequently asked questions at Second Life seminars

My main job is writing, but I also give more than 100 lectures a year all over the country. Relatively many lectures are given to people in their early 50s within companies. In many cases, these lectures are named “second life seminars” or “life plan seminars,” and are sponsored by companies with the aim of encouraging people to think about money issues, careers, and lifestyle issues as they approach retirement age. We are offering employees in their 50s the opportunity to participate.

It’s been 10 years since I retired, so when I honestly talk about my experience with work and money during that time, everyone listens intently. This is probably because they are more interested in what they have learned from actual experience, rather than just theoretical theories.

I sometimes ask people for their opinions, and among the mixed opinions, I sometimes receive questions like this when it comes to money.

“It’s already too late after 50 years old.”

When I hear such feedback, I find myself thinking, “What’s so slow about it?”

Perhaps those who say this kind of feeling are vaguely feeling, “No matter what I do with my money now, I’m already at this age, so it’s too late. I guess I should start doing it when I’m younger.”

Office workers don’t have to worry about old age

It’s true that if you want to save 100 million yen from zero at the age of 50, it’s already too late. Even 50 million yen may be difficult. However, if you are thinking, “Will I be able to live comfortably in retirement? Isn’t it already too late to come up with the necessary amount now?” That is a big mistake. This is because the amount of money needed to live comfortably in retirement is not the same for everyone, and varies from person to person.

Moreover, 90% of the people working in the world today are office workers or civil servants, but in reality, people who have been working as office workers for a long time generally do not need to worry about money that much. There are various reasons for this, but first let’s talk about the fact that “it’s never too late, even if you’re 50.”