Quote:
Originally Posted by Unregistered
a plan is just a plan. if someone says he plans to retire with $10m when all he has is a lousy job, it's not realistic.
my super realistic plan is to get as rich as possible, spend 30% and live realistically with whatever i have at retirement age. if i manage to accumulate $5m before 65, i will retire earlier.
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Don't be stupid. If you want to wait until you have $5m to retire, you will probably be working until you die. And all your wealth will then go to your wife and children, who will squander it away as it is not their hard earned money.
Many people in Singapore will retire when they reach 65. Most don't even have $500k savings. How they survive? Many rent out the two empty rooms in their
HDB flat and their children give them some allowance. They have some
CPF savings and they live a simple life.