Can You Save 100 Million Won in 5 Years with a Monthly Salary of 3 Million Won?
I'm in my early 30s and take home about 3 million won per month. My fixed expenses are around 1.5 million won, so I can save about 1.5 million won each month. I'm investing in stock ETFs through dollar-cost averaging, and I keep my emergency fund in a CMA account. At this rate, is it possible to save 100 million won in 5 years? Or would a different wealth-building strategy be better?
3 answers
If you save 1.5 million won per month, that's 90 million won over five years. With an ETF return rate of around 5–7% per year, reaching 100 million won is definitely possible. However, considering market volatility, it's better to keep a more generous emergency fund, and if you receive a lump sum in the meantime, you can achieve it even faster. Your current strategy looks solid.
I started under similar conditions and hit 100 million in 4 and a half years. In addition to ETFs, I added small amounts in REITs or dividend stocks, and to cut living costs further, I saved on delivery fees and moved to a cheaper place. The potential is definitely there, so just keep at it steadily!
If you save 1.5 million won per month, the principal alone will be 90 million won in 5 years, so even with just a 2% return rate, it becomes 100 million won. However, considering inflation or unexpected expenses (medical bills, car repairs, etc.), extending the goal to 6-7 years might be more realistic. CMA interest rates are decent these days, so keep your emergency fund as is.