Quote:
Originally Posted by Unregistered
We are a couple in our mid 50s. We are planning to retire in a couple of years time. We have decided to go to Penang for our retirement. We will sell our terrace house. We will get about $2m in net proceeds. We also have cash of $500k. So we will convert $2.5m to RM and will get RM6m at least. We will be multi millionaires and will retire in luxury. We can even afford to employ a maid to do all the household chores and marketing while we enjoy our days at the swimming pool or the beach.
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Strange that so many people are thinking of leaving Singapore upon retirement. Is Singapore really an expensive place to live for retirees?
How much does a meal cost? $4 (coffeeshop) to $40 (good meal in a restaurant)
How much does public transport cost?
How much does recreational activities cost? Movies ($10), swimming ($2), library and shopping (free)?
How much money do you really need to lead a fulfilling life upon retirement?