i earn $124k pa while my spouse earns $108k pa. We spend quite a lot in raising the kids and helping our parents. We want to give the best for our children. They like swimming so we upgrade to a condo. They love to go places so we bought an MPV. They enjoy going to other countries so we go for holidays. So we spend a lot on our family. We only manage to save $40k pa. Our retirement hope is to sell our condo at a good price and downgrade to a small HDB flat and spend the spare cash for our retirement. Hope our children remembers the good life we gave them and contribute some money to us.