It is definitely good to take a break, whether for retirement or just to have a sabbatical. If it is going to be a retirement, the next thing to do is ensure your holdings can outlast you.
This useful calculator can help you to make that assessment. It even gives 3 choices of lifestyle and the corresponding expenses required.
Great Eastern Life | SUPREME RETIREMENT
Try it out. For a person living in a condo would require minimally $4k per month at today's value.
Quote:
Originally Posted by Unregistered
Hi,
I am a young retiree, 48 years old. I was a high flyer in the global finance industry, worked very hard for more than 20 years. I made good $$$ and also did well in my personal investments. I have decided to retire last year to smell the roses.
I have built up enough assets to generate a passive income of $70k pa. My wife is still working and she earns $120k pa. Our household annual expenses is about $80k pa. Our Bukit Timah condo is paid up and we are debt free.
I am now training for a marathon and also volunteers for a charity. About time I live life.
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