48 & 46, working class couple, total earnings $184k pa.
We are staying in an old condo, currently worth $1.2m.
We still have $200k loan on the condo.
We own a small car, which we managed to pay off last year.
Our total net worth is only $2m ($1m each).
We are worried of our retirement. Do we have enough to retire?
We plan to retire at 65.
Any good advice how much we need for retirement?
We don't invest as we are very scared of investing.
We only have cash and CPF savings.