My retirement plan is simple. In 10 years time, I will reach 65. I will rent out my HDB exec flat for S$4k a month. I bought the flat at $300k many years ago and now it is worth $700k and fully paid up. I will then retire in KL, where I have many friends and family members. My rental income in RM will be about RM10k. I can easily rent a studio condo unit in KL for RM2k per month. The balance of RM8k is more than enough for food, transport and entertainment. In fact, I can save at least RM3k per month.

So, you don't need to be a multi millionaire to retire. Your HDB flat asset is good enough. Just need to think outside the box. I am a Singaporean. I support the government's asset appreciation policy. Good for many people who are retiring. Our HDB flat is a very important retirement asset.