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Old 10-06-2015, 08:31 AM
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Originally Posted by Unregistered View Post
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?
Your timing to upgrade to a condo is perfect, that was at the lowest point. Owning a condo and a car, both fully paid, is awesome! Congrats dude! You will have no problem retiring at 60. You can even retire at 55 if you downgrade to a 4 room HDB flat or you retire in cheaper places like KL, Penang or Thailand. You will be a multi millionaire in Malaysia and Thailand! If your net worth is Singapore is $2m in Singapore, it will be RM5.5m in Malaysia. Wow!

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