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Old 09-12-2014, 08:02 PM
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You don't need much at all as long as you have a fully paid flat, kids and meet your CPF min sum.

If you meet the min sum at 55, and if both husband n wife working now, they will each get $1200 from CPF life. So you get $2400 pm.

You can rent out two spare room for $1000 per room. You get $2000 pm.

Your 2 kids give you both $1000 in total pm.

So, combined passive income is $5400 pm. This is a lot for a retired couple.

All this is possible if:

1. You both meet CPF life min sum.
2. We have many FTs to rent our spare rooms.
3. You have 2 good kids to give you allowance.

This is the secret for happy retirement.

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