Thank you for sharing with me your brilliant plan. I'm excited to know of the prospects of getting $10.5k pm in passive income. I will have lots of money to use for holidays during our retirement. I will need professional advice on how to buy stocks which can give me a 5% dividend.
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Originally Posted by Unregistered
Very easy. Since you save $112k pa, by the time you retire at 65, you would have saved $1.68m cash ($112k x 15 years). Invest this in a 5% dividend yield portfolio and you get dividend income of $84k pa or $7k pm. You will also get $3.5k pm from your CPF Life. So your retirement income is $10.5k pm or $126k pa. You can have a very relaxing and worry free retirement. |