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Old 24-04-2021, 09:42 AM
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I am in my fifties. I am motivated to retire before I reach 65 yo. How much savings do we need to retire before 65? Any advice? Thanks
We all have CPF Life to take care of our old age so no need to worry. We will get at least $2000 pm if you choose the ERS. What you need to have is cash savings to sustain you and your spouse from now until you both reach 65.

If you need $3k pm or $36k pa, then a $400k cash savings would suffice. This assumes you have no debt and your home is paid up.
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