You both are high achievers. Among the top 5% in Singapore because you own a condo, a car and have a high net worth of $2m. You can retire now if you sell your condo and downgrade to a 4 room
HDB flat. You will have lots of cash to invest in blue chip stocks and earn dividends. If you buy a flat for $350k, you will have $1m to invest. You will earn $50k pa in dividends. If you don't own a car, this is enough if you live frugally. If you want a better retirement, you need to work another 10 years.
Quote:
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. |