Quote:
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. |
Let me see if i got it right.
Your stock and bonds is now 500k and if you put $100k in for the next 8 years, that is 800k and brings it to $1.3m .
Assume you start off with this position from year 0, that means you have to grow this portfolio by around 5%- 6% yoy.
By seeking >6% returns, you need to may need to take on more equity and securing non AAA bonds. Remember you are growing your retirement egg. To me ,seeking such returns with so little time is akin to gambling at casino.
I really dont doubt you and hope you are able to do it . Hopefully you have achieve similar returns in the past ,but if so, i dont see why @ at 52 your networth is as posted because you are talking about achieving returns which about half your annual package
Anyway, good luck. I seriously hope you succeed.
They do say the Gods favour the brave.