Quote:
Originally Posted by Unregistered
Middle class, middle income couple, total income $163k pa. Savings $40k pa.
Two kids in secondary schools. Condo, valued $1.1m, paid up. Car, paid up.
Total net worth (including condo, CPF, stocks and cash), $1.8m.
How are we doing? When can we retire? We don't mind a simpler life during retirement.
Any financial gurus here who can help to advise?
Thank you in advance. |
You're doing very well. If you work for another 20 years until 65, you would have saved another $800k which you can invest in 5% dividend yield stocks to give you dividends of $40k pa. Your
CPF Life will give you $42k pa. Your kids will give you $12k pa. Your passive income will be $94k pa.