It is precisely about choice and expectation. The earlier you retire, the less you save, the fewer choices you will have and definitely you have to lower your expectation. Then it is not about not needing much but rather you can't have much.
Another important thing to remember is not to compare yourself with others especially those who have more as this will evoke feelings of jealousy and envy. Retiring with envy will not be a happy retirement.
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Originally Posted by Unregistered
This is a brilliant post. It shows that retirement is about choice and expectations. I see many average folks who retire happily, spending their old days at hdb void decks and coffee shops. They don't need much. And then there are the high class, arrogant sort who want to retire with maid, car and even keep mistresses. These type of people will not be able to retire even if they have $5m in the bank. |