I also agree with the other gurus that you cannot continue living in your current condo as you do not have sufficient cash for your retirement. As suggested, you will have to sell your big condo (likely to be a 3 bedder?) when you retire and move into a cheaper place. You can downgrade to a smaller and cheaper condo or a HDB flat. You can even consider the HDB studio apartment for the elderly which only costs $100k now. This elderly flat will be more expensive in the future but will not be so expensive.