When to retire? It all depends on your retirement plan. If you plan to retire simply and humbly, you can retire any time. If you want to retire in luxury, you have to work for another 25 years until you're 75. It's your choice.
Another option is to retire overseas in a cheaper location. Many people already doing this.
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Originally Posted by Unregistered
If this is our profile, when can we retire? Need sincere advice from forumers here:
Husband, 50. Wife, 51. Combined income $200k pa and we save $40k pa.
Son, 20. Daughter, 13. Still schooling.
Home is a three bedder condo, current valuation $980k. Mortgage remaining $188k.
Car is paid up. Other assets include CPF, cash, stocks, insurance policies.
Total net worth $2m.
Thank you for the advice. |