Thanks for sharing. Let me share my 2017.

On the financial side, we are doing ok. Our small condo is almost paid up, we can actually clear the mortgage if we want to but since our mortgage rate is still lower than CPF rate of 2.5%, we don't want to pay off. If the banks raise mortgage rates to above 2.5%, we will clear our mortgage. We will advise family and friends to clear their mortgage as fast as possible.

We will soon approach 55 years old. We want to retire at 55. We aim to generate a passive income of $4k pm by 55 which will be enough for the two of us in retirement. We may not need a car by then. Can always use delivery service for buying cooked food, groceries, etc. We can cook our own delicious and nutritious meals. As our condo is near an MRT station, we can travel easily around the island. A car will cost at least $2k pm to own and maintain. Stupid waste of money, especially since we don't need a car when we retire.

We don't need so much money to retire as long as we have medical insurance to cover major medical expenses if needed. Food and utilities don't cost much for two old persons. You don't need a passive income of $100k pa to retire unless you want to own a luxury car, employ a maid, eat at restaurants 3x a week, go to Europe for holidays 2x a year, party every weekend, etc. A retired couple with modest lifestyle will just need $3k pm, assuming their retirement home is paid up and they are debt free.