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  #8202 (permalink)  
Old 20-07-2015, 12:38 PM
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Here is how a typical Singaporean couple can generate income when they retire at 65:

1. CPF Life - $3500 pm
2. Rent out two empty HDB flat rooms - $2000 pm ($1000 pm for each room)
3. Reverse mortgage of 4 room flat - let's say $1000 pm
4. Children's contribution - $1000 pm
Total income $7500 pm ($90k pa).

Spending

1. Food & utilities $1000 pm
2. Public transport $100 pm
3. Medical and insurance $500 pm
4. Holidays $500 pm
5. Buffer for inflation $500 pm
6. Misc $400 pm
Total $3000 pm

Savings $4500 pm ($54k pa)

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