Quote:
Originally Posted by Unregistered
Couple in mid 40's. Combined income $160k pa.
Net worth, including primary home, $1.7m.
Hope to retire by 55, expecting net worth to rise to $3m in 10 years time as property prices will appreciate over the next 10 years because of steady economic growth in Singapore.
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You thinking of retiring in a 3rd world country? It seems your projected net worth of $3m is shored up by your primary property. You should work towards building a retirement sum independent of your primary property.
You still have time on your side though. My highest rate of savings was in the last 8 years from 45 till now. This was because we paid up our home at 45. Our yearly savings then steadily increased from $180k to current rate of $250k now, helped by dividends from stocks.