Actually, you are doing not so bad yourself. Your family is fortunate to own a car. As long as you own your home without any loan when you retire at 65, you should be ok. Here is what you and spouse can get upon retirement:
1.
CPF Life $3500 pm ($1750 pm each)
2. Room rentals $2000 pm (rent out two rooms at $1000 per room)
3. Children's contributions $1000 pm (from two kids, each giving $500 pm)
Your total passive income will be $6,500 pm or $78,000 pa. Hence, you both can retire comfortably.
Quote:
Originally Posted by Unregistered
You are very lucky. I'm around your age but my performance is not as great as yours. Our total income is only $110k pa. We live in a 5 room HDB flat only and our car is 5 years old. You are very smart in investing but we don't know and don't dare to invest so we didn't lose nor gain. In a way this was good for us as many of our friends and relatives lost a lot of money in playing stocks. Our net worth is only $800k in total. |