48 single income, 240k/yr
Condo worth 1.8m, loan 600k
Cash,
CPF, stock 1.3m
Net worth 2.5m
Expenses 120k/yr
Dividends 60k/yr
Savings 180k/yr
Retirement plan
55
Condo 1.8m, fully paid
Cash,
CPF, stock 2m
Net worth 3.8m
Expenses 90k/yr
Dividends 90k/yr
Assumptions
- condo price remains the same, actually doesn't matter as no plan to sell and downgrade
- dividends about 4.5%
- job stability with about 4-5% increment to grow net worth from 2.5 to 4m, this is critical to the entire plan
Is this realistic and achievable? Hope to hear from gurus here.