Looks like you are single. My wife and I sold our landed house for $2.5m. $900k was used to buy a one bedroom condo and the balance of $1.6m was invested at a 5% yield. We get $80k per year, enough for both of us. We spend $65k per year. I still own a small car to drive around to do marketing. We retired at 54, 52 respectively.
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Originally Posted by Unregistered
I retired at an early age of 50. I don't need $10m nor $4m to retire. I retired simply by selling my fully paid condo for $1.4m and bought a $400k HDB flat. I invested the balance $1m in high dividend stocks which gives me 6% yield. So I earn $60k pa. My annual expenses is $40k and so I save $20k pa. I don't drive, don't eat at restaurants and don't go for expensive holidays. I lead a meaningful life now. |