50/52, $145k pa.
4 room condo, $1.6m. Paid up.
Jap car, 2 yr old, paid up.
Kids in JCs.
Saves $40k pa.
Retirement plan:
1.
CPF Life $1200 x 2 = $2400 pm or $28.8k pa.
2. Sell 4 room condo and buy one bedroom condo.
3. Invest cash (cash savings plus cash balance from condo downgrade) $1.5m to get 5% dividend yield or $75k pa.
4. Children's allowance $1000 x 2 = $2000 pm or $24k pa.
5. Total passive income $128k pa
6. Expected expenses $60k pa
7. Savings for reinvesment $68k pa