We are your average Singaporean couple (true Singaporean, born and bred here). We started out with a HDB and then upgraded to a condo, which we bought for $700k in 2006. Now it is worth $1.2m. We both earn $150k in total and save $50k pa. We are now 52 & 54 years old. We should be able to clear our mortgage in the next few years. We plan to retire in 10 years time. We will sell our condo and buy the $70k HDB condo for the elderly. We should have enough to retire.