52, 53, ordinary middle class couple, total earnings, $185k pa. Owns a condo, worth $1.5m, now fully paid up. Drives a one year old Jap car, fully paid up. Kids are in secondary schools. We don't have much savings as we spend a lot on the kids for tuition, enrichment, etc as well as giving our parent allowance to support them financially. Our net worth in total is only a small $2m in total.

We worry about our retirement. How can we retire? Do we need to downgrade to public housing? This worries us a lot.