52, annual salary including bonuses $170k. Wife, 55, housewife.
Home: condo worth $1.6m, fully paid up. Shares and bonds $500k.
Retirement plan: Retire at 60, sell condo and downgrade to a 4 room
HDB flat.
After selling condo and buying flat, will have a net cash of $1m. Investment portfolio of shares and bonds expected to be $2m, giving passive income of $100k pa. Expected annual expenditure by then is $60k pa for a retired couple with no debt.
8 more years to go.