40, 42, professional couple
Combined annual income $149k, annual spendings $108k, annual savings $41k
Lives in a condo, drives a car
Current combined net worth, including condo, $2.6m
Aims to retire at 65, target net worth at 65 $4m
Retirement plan at 65 - Buy a BTO HDB studio unit for elderly costing $100k
Will survive on $3.9m cash, need to be prudent in spending
Will apply for elderly pass for mrt, bus, cinema, etc.
We hope the $3.9m cash is enough till our target death age of 90