My wife and I hope to retire when we reach 55 years old. We have been studying and working hard all our life and want to retire very soon to enjoy a more relaxed life. We have paid up our mortgage and we are debt free! We will retire in KL, where we can enjoy city living at a low cost. We have family ties and friends there. We will retire with the income we get from our property which we will rent out plus some dividend income from stocks. Our passive income will be about S$3,000 pm.

If we retire in Malaysia our passive income will be RM9,000 pm. This will enable us to rent a condo in KL for about RM1,500 pm. Our food, car and other expenses will be about RM5,000 pm. So, in total our expenses will be RM6,500 pm. We can still save RM2,500 pm. This is on top our cash savings of S$100,000.

When we reach 65, we will receive a payout of S$4,000 pm (RM12,000) from CPF Life which we will use to travel the world and rent a more expensive, upscale condo in KL. Our passive income at 65 will be S$7,000 pm (RM21,000 pm). We will be rich foreign retirees in KL, where we will live in a posh condo and drive a posh sports car. Life will be wonderful. Our children can visit us twice a year during the holidays.