Mid 50s couple. We are thinking of retiring soon. Here's the plan:

Rent out our 5 room hdb flat $3k pm
Convert to RM and get RM8k pm
Rent a 3 room condo in JB RM1k pm
Food and utilities RM2k pm
Car petrol RM200 pm
Misc RM800 pm
Savings RM4k pm

We can visit our kids at their BTO flat once a fortnight.

When we reach 65, we will get $2,400 pm from CPF Life
We can save more.

Our flat and CPF Life are our assets.