I have started following this forum recently and got many valuable information and advise through the experience people. Here is our information
Hubby 32, Engineer, working in MNC, 7 years exp
base 89k + approx 1.5 - 2 months bonus if company revenue hit the target
Wife 31, Engineer, working in MNC, 8 years exp
Base 91k + variable bonus, but not much
Home is a small OCR condo, worth 900k, bought in 2012, no car.
We are engineers and already hit the typical engineers salary limit for our working experience, henceforth I do not see any possible fast growth of income, maybe max 3-4% annual increment over the next 10 -15 years to adjust inflation, and once we reach 45, pay most likely will be freeze. However, we are happy with our current situation and it would be acceptable to us even if the growth is slower as long as we are employed. We are planning to start doing savings in
cpf and cash, later will think of low risk investment only. It is too early to decide for retirement age, if the health condition is good, we are planning to work at least till age 60.