Retirement planning must start from Day 1 when you started working. After I studied the markets, I decided that property and stocks are the best retirement assets. I envisaged that landed property will appreciate the most, so after I sold my HDB flat 20 years ago, I bought a landed property. I sold it last year with millions in profit. Today, at the age of 58, I am retired in a 1000 sq ft 2 bedroom condo in a good district. I invested my cash and able to generate 4% pa in dividends. Now both my wife and I are retired and enjoying passive income. We are also debt free. Our working adult children (they are staying on their own) give us a token monthly allowance of $1000 each. Our spendings is just a fraction of our annual passive income.