Simulation: 30s Dual-Income Couple Aiming for Asset Building by Moving to Singapore

This article is a fictional model case simulation result from MoveWorth. It does not represent actual people or events.

For a dual-income couple in their 30s considering moving to Singapore, asset building is a major goal. In this simulation, let's look at how their assets would progress if they moved to SG.

Persona Setting

In this model case, a dual-income couple in their 30s is featured. The family consists of only the couple, aiming for asset building. Their annual income in Japan is 14,250,000 yen, and in Singapore, it is 225,000 in local currency, equivalent to 25,875,000 yen. The local income is based on the simulator's industry-specific reference values (foreign professional standards), and rent, living expenses, and tax rates use the simulator's country-specific preset values.

Monthly Cash Flow Comparison: Japan vs SG

In the simulation, the monthly income in Japan is 1,187,500 yen before tax, with a tax amount of 356,250 yen, resulting in a post-tax monthly income of 831,250 yen. Rent is 80,000 yen, living expenses are 120,000 yen, and monthly savings are 642,875 yen.

In contrast, in Singapore, the monthly income is 18,750 in local currency before tax, equivalent to 2,156,250 yen, with a tax amount of 1,688 in local currency, equivalent to 194,120 yen. The post-tax monthly income is 17,063 in local currency, equivalent to 1,962,188 yen. Rent is 3,000 in local currency, equivalent to 345,000 yen, living expenses are 1,500 in local currency, equivalent to 172,500 yen, and monthly savings are 12,769 in local currency, equivalent to 1,468,435 yen.

These figures reflect the simple monthly division of the input annual income and the values reflecting a 2% salary increase and inflation rate at the start of the first year of the simulation.

Asset Trends 5 and 10 Years Later

Five years later, the assets for those continuing to live in Japan would be 50,527,758 yen, while those moving to SG would have 106,819,850 yen, showing a significant difference. Ten years later, continuing in Japan would result in 112,839,216 yen, while moving to SG would result in 245,158,988 yen, expanding the difference to 132,319,772 yen.

Analysis of the Impact of Taxes, Living Expenses, and Exchange Rates

One reason moving to SG greatly contributes to asset building is the difference in tax rates. Japan's tax rate is 30%, while SG's is significantly lower at 9%. Although living expenses are higher in SG, the increase in annual income outweighs this impact. The exchange rate is calculated at 1 SGD = 115 JPY.

Note that this simulation does not include overseas medical insurance, private medical insurance premiums, private pension and defined contribution pension contributions, temporary return costs, children's education expenses (such as international schools), or visa acquisition and renewal costs. Considering these factors, the actual take-home assets may be less than the simulation values.

Try with Your Conditions

Would you like to try based on your own conditions using this simulation result? For a detailed simulation, please use MoveWorth's simulator here.