Originally Posted by Unregistered

My wife and I are both 50. We are working professionals who have worked hard to accumulate our wealth. We are now generating a passive income of $80k pa. We plan to retire in 5 years time as we no longer need to care for our grown up kids or old folks. By then, we would have accumulate more wealth and hence able to generate a passive income of $130k pa. As we are debt free (car and condo paid up) and we live a middle class lifestyle, our projected expenses would be only $60k pa in 5 years time.

We plan to do these during our retirement:

1. Travel the world, will be away one month per year. Will travel during non peak seasons to take advantage of cheap flights and hotels.

2. Keeping fit with gym exercise and swimming.

3. Learn to cook exotic dishes.

4. Reading, lots of reading.

5. Volunteer in charities.

6. Watching movies, catch up on the many movies we missed due to our busy work schedule.

7. Write a book.

8. Attend AGMs of companies in our stocks portfolio.

9. Give free tuition to poor students.

10. Go bowling, golfing, camping and trekking.


I think our retirement will be full of fun and activities. I don't understand why some people say they don't know what to do with their retirement years. They must be boring people in the first place.