We have worked for 30 years and hence decided to retire last year. So we sold our landed property and downgraded to a smaller 3 bedroom condo. We use the sales proceeds of the landed to pay off the outstanding mortgage and to buy the condo paid in full. After these transactions we have $1m in cash. Together with our cash savings we invested $1.5m and get $75k pa in investment dividends. Since we are debt free, our spendings is $60k pa. We love our life now as we have time to exercise in the condo gym and swimming pool.