Quote:
Originally Posted by Unregistered
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! |
Wow! You’re a millionaire! Well done!
My spouse and I live simply.
We also can retire at 55 years old.
Our flat is fully paid.
We have some cash savings.
We will spend the cash from 55 to 65.
Then at 65, we get $4500 per month.