Quote:
Originally Posted by Unregistered
Here's my retirement strategy as a retired couple:
Passive income sources:
1. CPF Life = $3500 pm ($1750 pm for each of us)
2. Private annuity plan = $2000 pm ($1000 pm for each of us)
3. Dividends = $2000 pm
4. Children's contribution = $1000 pm ($500 pm by each child)
5. Total passive income = $8500 pm ($102k pa)
Expected expenses (comfortable retirement lifestyle) = $4500 pm ($54k pa)
Annual savings (for reinvestment) = $4000 pm ($48k pa) |
When are you going to retire?
This year?
In 20 years?
In 30 years?
Definitely you can retire comfortably with 4500 pm this year.
If 20 years from now, purchasing power may be 2500 present money.
HDB 5 rooms will be 1.5m.