Age 47 & 45.
HH income $180k pa.
Lives in a 3 bedroom suburban condo. Drives a new car. Both paid up.
Retirement strategy at 65
Retire in our condo
Passive income from
CPF Life $3500 pm
Dividends $2000 pm
Other sources of passive income $500 pm
Total passive income $6000 pm
Expected expenses in retirement $3000 pm
Will give up driving as condo is near to an
MRT station
Will give up employing a maid as it will be a waste of money. Anyway prefers the privacy.
Savings in retirement $3000 pm
Annual savings in retirement $36k pa