We are 53, 55, making 170k combined. We plan to retire early at age 58 instead of 65. When we retire, we will sell our landed home and downgrade to a studio condo. We will renovate it nicely. We estimate after the sale of our landed and purchase of the studio condo, we will have cash of 1.5m. We will buy dividend stocks, to give us 75k pa (5% dividend yield). This is enough to pay for food and other bills. By then we will not own a car and we will travel by MRT. We will get a condo near an MRT station, market and shopping centre. Our spendings will only be 60k pa. When we reach 65, we will get an additional $28k pa from our CPF Life.