Quote:
Originally Posted by Unregistered
Hubby, 47, $76k pa.
Wife, 44, $70k pa.
Condo, bought for $560k in 2006, fully paid up. Now worth $1m.
Car, 5 years old, fully paid up.
Expenses, $106k pa.
2 children in secondary schools
Total net worth, including condo, cash and CPF, $1.5m.
How are we doing?
Can we retire at 60? |
Tbh, I think you have done quite well considering 2 facts i.e. You have 2 kids and your HH income is about the 60th- 65th percentile.
Given your HH income, you did not have a huge amount to save annually. Adding to that the kids who are, in singapore context, very expensive.
So to have a 1.5million net worth is really quite good