How many years do Singaporeans need to work to become a millionaire?

The average wage of Singaporeans is $6,612 (US$4,930).

It will only take 16 years and 11 months for Singaporean workers to earn their first million, data from Picodi showed.

The average wage of workers in Singapore is $6,612 or US$4,930.

This makes Singaporeans amongst the fastest to earn their first million, just behind workers in Switzerland who can be a millionaire within 14 years and three months.

Singaporeans can earn their first million faster than workers in the United States (19 years and 10 months), Australia (24 years and three months), Hong Kong (29 years and five months), and the United Kingdom (29 years and nine months).

Meanwhile, workers in Asian countries such as the Philippines and Indonesia are amongst those who will take the longest to earn a million at 270 years and 247 years and five months, respectively.