Quote:
Originally Posted by Unregistered
I'm 55 and planning to retire overseas next year. My condo is paid up and I am able to rent it out for S$5k pm (RM12k pm) as it is located in a good location. I will be retiring in Penang next year and expected to spend in total RM6k pm, inclusive of condo rental, car expenses, food, utilities, entertainment, etc. I will save RM6k pm. When I reach 65, I will get an additional S$1.2k pm (RM3k pm) from my CPF Life monthly payout, so I can then save RM9k pm (RM108k pa) when I reach 65. I can use part of the annual savings to travel the world. |
You think S'pore condo made of gold?
Penang condo made of dirt?
You should be ok with 5k in S'pore. Expect to have quality life with RM 6k in Penang inclusive of condo rent? Must be dreaming!