Don't be sour grape lah. This forum is for posters to share their incomes. If cannot tahan how much other people earn, then don't come here.
$1.8m net worth for a mid 50s couple is just so so only. They are wise to plan to continue working. Especially if they want to maintain their lifestyle in retirement. Once you are used to a certain lifestyle and level of comfort, cutting back on them is going to be painful and difficult.
Like giving up the car. Like moving into a smaller home, like not being able to eat out at restaurants etc...
Quote:
Originally Posted by Unregistered
Retirement age is going to increase to 68. Life span also increase to 78.
If you retire at 68, your saving is definitely can see you through the next 10 years without any difficulty.
You can spend 200k first year, 220k second year, 240k, 260k, 280k,300k,320k,340k,360k and finally 380k. Total 2.7m. No problem.
|