Originally Posted by Unregistered

You can get a very cheap BTO 4 room flat for only $200k. You and your wife must work and you can pay off your mortgage fast as your salaries will rise over the years. So after you pay your mortgage, you and wife can build up your CPF min sum to $241,500.

Of course your children must give you allowance as it is their responsibility. You must teach them the right values they are young.

If you don't want to rent out your rooms, it is yours choice but your combined passive income will be = $1900 + $1900 + $1000 = $4800. This is actually enough for two retired old people as long as they don't have bad sinful habits such as gambling, smoking, drinking, womanizing, partying, overspending, etc. They must also not employ a maid and must not own a car. Live a simple good life. Must also exercise to keep fit.