We will be retiring in a couple of years when we reach 55 after collecting our CPF funds. We plan to downgrade from our condo to a HDB flat and become debt free.

Sell condo $1 million
Buy HDB flat $500k
Collect CPF OA $200k
So we get $(1-0.5+0.2) = $0.7 million cash

We can spend this cash for our retirement from 55 to 65 years old.
We will need $5k pm which is $600k over 10 years.
When we reach 65, our combined CPF Life will be $5k pm.

This is our early retirement plan. We are very fortunate to be among the few in Singapore who can retire early.