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Old 11-04-2011, 09:20 AM
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Originally Posted by andyv View Post
Don't think this has been asked before. I consider nest egg as all investments incl CPF but excluding value of residence.

For me I'd love to reach 2m or 3m but I think a minimum of 1m will be ok.

Also - how much do u think u will spend in a month on expenses after retirement? For me I think around 2.5k a mth, so annual withdrawal rate will be 3% which I think is safe enough.
I have about 1m not counting CPF. But it's quite hard to generate a consistent income monthly. 10m will be easier - I can buy a couple condos and collect a few k rent per month for my spending.

Bottom-line: it's never enough! Cheers.

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