Come on, let's all do the calculation of $BTC # Pension

If you are a Shenzhen resident, if you graduate at the age of 23, retire at the age of 63, and have a career of 40 years, the minimum monthly social security for Shenzhen residents is 1387.87 yuan, and you will get a pension after retirement.

1. Calculate the principal = 1387.87×12×40=666178 yuan

If you can get 4000 yuan per month after retirement, and then you are over 80 years old, you have received a total pension in these 17 years = 4000×12×17=816000 yuan, and in the end you left nothing behind.

2. If you invest 1,387.87 yuan per month for the same 40 years, after 40 years, your principal will also be 666,178 yuan, but your total return in these 40 years will be 609,902 yuan (3% compound interest), and your total assets will be 1,276,080 yuan when you are 63 years old.

If you put it in the bank to earn interest, it will be about 4,000 yuan per month. If you take out the interest every month for retirement, you will also be 816,000 yuan in interest in these 17 years when you are 80 years old. In the end, you will leave a huge asset of 1,276,080 yuan for your descendants. It is a great merit!

It seems that buying social security is really not cost-effective. I don’t know if I can live to retirement these days.