45/43 married couple with 2 kids, combined income (active + passive income), $170k pa.
Luxury condo, paid up. Luxury car, paid up. Go regional holidays, twice a year.
Combined net worth (a big portion of net worth is in our condo), $2.5m.
We upgraded from
HDB flat to condo in 2006 at the bottom of the property cycle.
When we retire, we will sell our expensive, luxury condo and downgrade to a cheap one bedroom condo in the OCR. Will use the cash balance plus our cash savings to invest in high dividend yield global blue chips to get passive income. We will get a condo next to an
MRT station so we will not need a car. We will also not need to employ a maid as we will cook our own meals and do the housework as part of our physical exercise regime. We will also get about $28k pa from our
CPF Life when we retire at 65.
We look forward to a wonderful and relaxing retirement.