Quote:
Originally Posted by Unregistered
Retired couple in our 60s.
Flat paid up. No car.
Simple retirement lifestyle.
Cook at home most of the time.
Our combined passive income from CPF Life and children’s contributions is $3000 pm.
Our expenses is $2500 pm. |
We can retire next year when I’m 55. We can sell our condo for $1.2 mil and then buy a 3 room
HDB flat for $300k pay in full cash. We will then have cash of $900k which we can place in FD giving us 4% pa or $36k pa ($3k pm). This is for our retirement expenses. At 65, we will get $5k pm combined, so our passive income will grow to $8k pm or $96k pa. We can then travel the world in holidays. This is our early retirement plan!