Quote:
Originally Posted by Unregistered
My wife and I are contemplating retiring at 60 yo. By then our cash savings should sustain us for five years before we reach 65 yo when our CPF Life pays out $5k pm ($60k pa) in total. We are an average Singaporean couple living in a two bedder condominium unit in the OCR which is currently worth only $1.2 million. We own a small car which brings us from Point A to B. Upon retirement we may not need to own a car as we will not need it. |
Why not retire now? You can sell your condo and buy a 4 room room
HDB for $400k. You will then have $800k cash to spend for your retirement expenses from 55 to 65 years old. After 65, then get
CPF Life. 80% of people live in
HDB flats. Enjoy your retirement early.