Quote:
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. |
Good for you, $40k annual expenses is very low, that is why I won't retire so young, any simple job these days would get another $30k or so and keeps you interacting with others and mind active. My $4m is getting a very, very modest yield of 2% plus only or about $8k per month....I don't drive and have never driven a conti car (BMW or Merc) and I hope to achieve this when I retire, I guess I would be one of the few security guards coming for work in a BMW in future LOL!