Married couple, 48, 49, with two teenage kids.
Lower middle class family.
Annual income, $152k pa. Annual savings, $35k pa.
Home is a condo, worth $1.2m, paid up.
Transport is a Korean car, paid up.
Cash/
CPF/ stocks, $400k.
Total net worth, $1.6m.
We like the advice of someone here who gave us the
idea of selling our condo and buying a
HDB studio flat
when we retire. We then can travel the world to live
in different cities every few years. This is exciting.
I heard you only need $1000 per month to retire
well in Chiang Mai.