You have done well. You own the two most desired items in Singapore - condo and car. You will pay off your mortgage when you're 55. This is good as many people will still need to pay their mortgage until they are 65. You should not have a problem retiring at 65 but you can't retire as early as the multi millionaire couple.
Quote:
Originally Posted by Unregistered
45, sole bread winner, total income $108k pa.
Expenses
1. Condo mortgage $2000 pm (10 more years to pay)
2. Car instalment and other car expenses $1200 pm
3. Children tuition, pocket money, enrichment, etc $1000 pm
4. Household expenses $2000 pm
5. Others $1300 pm
Savings $1500 pm
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