We are an average performing SG couple (52 and 54 years old) with only a combined income of $150k pa. We are debt free. Our children are in university in SG so we can’t retire yet. We will retire at about 58 years old, when they start working and renting their own place.

We plan to retire in Penang or KL. We have relatives and friends in Malaysia. Our fully paid SG condo can be rented out for SGD 4k pm (MYR 13k pm). This passive income is sufficient for two of us. Renting a nice, new condo in Penang or KL costs only MYR 2k pm.

At 65, our CPF Life will give us SGD 5k pm. So our passive income will be SGD 9k pm (MYR 30k pm). With this amount of passive income, we can travel the world and retire like a billionaire in Malaysia.