Very possible. By your late 40s, if both of you still working, saving $200k - $250k pa is realizable. By your mid 50s, you could be saving upwards of $300k pa combined.
You could by then be buying additional properties.
You may have been wondering why Pte property prices were going up and up, before the gahmen finally stepped in with all the cooling measures. It is because people can easily afford them. With such high saving rates, they can pay for a $1m property in 4 yrs!
Quote:
Originally Posted by Unregistered
When you retire at 65, your EC would be worth at least $3m. Both your salary will increase and you can both save at least $200k per year. So in 35 years time, your wealth will be $10m. Why worry?
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