Our plans are quite similar to yours. We now live in a landed property, worth $3.5m. When we retire in 5 years time, we will sell our landed and buy a $1m small condo unit in Jurong Lake District. We will invest the balance of $2.5m in stocks, giving us dividends of $125k pa.
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Originally Posted by Unregistered
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. |