Originally Posted by Unregistered

50, 51, couple, income $168k pa combined.
We bought our current condo in 2005 at $900k, now it is worth $1.7m. Paid off the mortgage.
Our cash & CPF $600k in total
Total net worth $2.3m

Our retirement plan

CPF Life at 65, $1900 pm x 2 = $3800 =$45.6k pa
Sell condo and downgrade to smaller condo. Raise cash $1m (including savings)
Invest $1m cash in blue chips with 5% dividend yield $50k pa
Allowance from children ($500 pm x 2 kids) = $1k pm or $12k pa
Total passive income $107,600 pa or $8,966 pm