Agreed, and congrats with your returement plan.
Imo, its not how much we made but how much we can live contenedly.
If you have income (passive) which can meet ur living expenses and insurances, your savings for rainy days and assets to pass down to next gen. This is a successful planning already.
Use those "earned" time and use it for your passion wo worries is a great achievement already.
Quote:
Originally Posted by Unregistered
We are a retired couple with $500k cash. Our condominium unit is paid up. The cash will last us for ten years. When we reach 65, we will get $4k pm from CPF Life. We will retire in place in our condominium.
We estimated that we will need only $3k pm after 65 as we will cook our own meals.
We don’t drive and we do our simple household chores ourselves.
We can save $1k pm.
We have achieved the Singapore dream because we own a condo, drove a car before,
have cash for retirement. We are simple people, live in a modest condominium and
lead a simple retirement. We don’t need to work so hard until 65 years old. We are
happy to retire at 55. |