Fully retired couple, 58M, 59F. Middle class family. Collected our CPF. 5 room HDB flat fully paid up. Renovated our flat into a beautiful retirement home. Enjoying our retirement. Leading a healthier life with regular morning exercises at the park and relaxing breakfasts. No morning rush. More time with family and friends, reading and watching movies. Also do volunteer work to help poor and needy families.

Our cash savings (including CPF collected) $400k which we will draw down slowly for our retirement expenses ($40k pa) until 65. Will receive $5k pm from CPF Life and stocks, REITs dividends at 65. Children contribute $1k pm. Our combined passive income at 65 and beyond $6k pm or $72k pa. Life is now more relaxed. We are a lot more happier after retirement. We are very lucky. Many people still have to work at our age. Some still have mortgages outstanding.

Our secret to our financial success

1. Spend less than you earn
2. Minimise debt and clear debt as soon as possible
3. Lead a debt free life as soon as possible
4. Invest savings in CPF, stocks and REITs
5. Need to plan for retirement early
6. Don’t drink and smoke. Cost a lot of money down the drain and make us unhealthy
7. Don’t gamble
8. Keep healthy to enjoy retirement
9. Be determined to retire early. Our retirement target age was 60 but managed to retire earlier