You cannot retire so early. You need to work up to 65. You must accumulate until $20m then you can retire. With the $20m, you spend $1m over 25 years and then leave behind $19m for your kids so that they don't have to work and can laze around. They will love you.
Quote:
Originally Posted by Unregistered
39, 37
Combined employment income plus bonus for 2013 = $740k pa
Combined savings = $1.7m (and adding around $300K per year not counting the returns from investments)
CPF OA / MA / SA = $383,000
Live in a 5-room HDB (paid up, worth around $800K)
half-share in 2 condos (partner with relative) = equity stake around $700K
1 Japanese second-hand car (paid up)
Combined networth at end 2013 = $4.3m
Feels contented but still have young kids to support so can't stop working till at least 55 in my opinion. |