Quote:
Originally Posted by Fin
Yes, both of us are local Graduates.
We took a 80% loan.
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Your combined net worth would be about $800k assuming your flat is now worth $400k. By the time you retire in 25 years time, your sources of passive income are:
1. Rental from condo (paid up at 65) maybe $3k pm.
2.
CPF Life maybe $1.5k each or $3k pm combined.
3. Allowance from children $1k pm combined.
4. Room rental from
HDB flat, $1k per room or $2k for 2 rooms.
5. Stocks dividends $12k pa or $1k pm.
Total passive income $10k pm.
Expenses (just two retired persons) $4k pm (assume no maid and no car).
Savings $6k pm (reinvested in dividend stocks to give higher dividend income).
Summary: You are a high achiever and will retire well.