Quote:
Originally Posted by Unregistered
Not really a lot if I look around my peers.
My wife makes $250k. She has more bcos her MNC company gives more bonus.
Our total net worth maybe $2m including paid up condo and car.
Can we retire now in Singapore? We are prepared to live simply.
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$2m is a lot for a 45 year old couple. You can retire now if you live simply. You can sell you condo and buy a 5 room flat for $400k, paid in full. You can find such flats in Punggol and some parts of Singapore.
The rest of your $1.6m can be invested in a stocks portfolio which yields 5% dividend pa, so you get $80k pa in dividends. This is enough for you and family provided you don't employ a maid. Your car expenses should be manageable since you have paid it up.
You can then lead a simple, stress free life for the rest of your life. You can spend time exercising, jogging and walk at nature parks. You can also do volunteer work at charitable organisations. Life will be very meaningful.