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Old 15-09-2021, 02:50 PM
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I am retiring next year. Settled all my debt. Living in a small apartment. Getting rid of the car since I don’t need it during retirement. My annual retirement expenses will be about $20k pa. I’m in my mid fifties. My cash savings of $300k will fund my retirement until 65. At 65, my CPF Life will fund my retirement for the rest of my life.
I retired in my 40s. Now living a modest retirement lifestyle. Living in a condo and driving a used continental car. No debt. If I desire to retire in a GCB and driving sports cars, I will never retire. So we have to make our own life decisions. I made mine and happy with it.
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