Quote:
Originally Posted by Unregistered
In Singapore a retiree needs $1500 pm for basic necessities, assuming HDB flat is paid up. So a retired couple needs $3000 pm or $36k pa. So if you have $360k cash and CPF Life, you can retire when you are 55 years old. If you have more cash you can retire at 45 years old. |
Here’s what a retired couple needs every month
Food and groceries $1000
Utilities, mobile, wifi $300
Public transport $100
Medical insurance $600
Miscellaneous $500
Total $2500 pm or $30k pa