We plan to retire in 4 years time when we reach 55. We own a 4 room HDB flat which we bought many years ago and now it is paid up. We will be retiring in KL where we have relatives and friends.

We plan to rent out our flat for $2500 pm or $30k pa. We also have stocks investments in blue chips which give us 4% dividends, we get $30k in dividends per year. In total, our passive income from flat and stocks is about $60k pa. When we convert our passive income, we get RM160k pa. Expenses for a retired couple in KL will be about RM60k pa. Our daughter is expected to give us $1,000 pm ($12k pa) from her annual income of $100k pa. We will save this.

When we reach 65, we will get $2,400 pm or $28.8k pa from CPF Life. We will save this as well. So when we reach 65, our passive income will be $100.8k pa or RM270k pa. Our net worth now is about $1.6m.