How come your annual income = 12x monthly income for both of you? No AWS, no bonus?
And your expenses of $6k pm is high as I believe you both don't pay any income taxes?
No children also? If no children then $500k now and $24k saving annually for next 20 years (=$480k) should be enough for your retirement.
Quote:
Originally Posted by Unregistered
40, $3400 pm.
Wife, 47, $4600 pm.
Total income, $8000 pm ($96k pa).
Home is a 3 room flat.
No car, no maid. Holidays once a year, $2k.
We save $2k pm ($24k pa).
Our combined net worth (including flat), $500k.
How are we doing?
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