You have done well for yourself. Your combined net worth of $2.4m is above average for a couple in the mid 40s. I think most of your contemporaries have net worth of less than $1m. You can retire at 55 if your combined net worth reach $3m by then. You can sell your condo and buy a
HDB studio apartment for the elderly, which cost only $100k. You can invest $2.9m in stocks. If you can get 5% dividend, you can get $145k pa in dividends. If you spend $45k pa, you can reinvest $100k pa and your net worth will grow further until you die. Then you can donate your wealth to the poor when you die.
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Originally Posted by Unregistered
Mid 40s couple.
My net worth $1.7m, my wife's net worth $0.7m.
Lives in a condo, paid up.
Hope to work for another 20 years.
Target net worth at 65, $4m.
Retirement plan - We will sell our big condo and then buy a small condo next to a MRT station and invest the rest.
Hope to get a modest passive income of $150k pa. This would be enough for food, water, electricity bills, doctor fees, some travel and entertainment.
We are just a couple of average, middle income workers in Singapore. |