Quote:
Originally Posted by Unregistered
Mid 50s, retired couple.
Sold our landed property. Made good profit. Bought a condo as our retirement home.
Debt free.
Use our cash and CPF to spend for our early retirement.
Our CPF Life will give us $4k plus per month at 65. |
We are an early 50s professional couple. We plan to retire at 55 after downgrading from our condominium unit to a four-room
HDB flat. We should get a net $500k after the transactions. We will collect
CPF of $200k. So we will have $700k to utilise for our spending from 55 to 65. At 65 onwards until we die, we will receive $5000 pm or $60k pa. Our spending will be about $3.5k pm or $42k pa.