Originally Posted by Unregistered

First and foremost, I would like to personally congratulate you on your success and achievements. You have done well as a couple. You live in a condo, this puts you among the top 15% of Sporean households who are living in private properties. 85% of Singaporeans live in public housing. So you are among the top people.

Your retirement plan is good. Your passive income will be $4,400 per month, this is more than enough for an old couple. If you have kids, they will likely give you an allowance of at least $500 per kid ($250 to you and $250 to your wife). So your passive income will be $5,400 per month if you have two kids.

When you reach 65, your condo will be paid up and the value will grow to $1m plus.