Husband, 45, Wife, 42, total income $120k pa. living in a resale condo bought at $800k, paid up. Drive a small car, with loan of $28k remaining. We will have to work until 60. Since we save $30k pm, we should have $450k when we reach 60. This $450k will fund our retirement from 60 to 65. We may just need $40k pa or $200k over 5 years. Once we hit 65, we get $3.6k pm from our CPF Life scheme. This will last until we die.