Originally Posted by Unregistered

Don't be stupid. They can retire with $500k cash savings if they know how to invest. Buy good blue chips which give 5% dividend yield and they get $25k pa. Rent out two of their spare rooms in their HDB flat for $800 pm each and they get $19.2k pa. They get allowance from their two children, each giving $200 pm, they get $4.8k pa. in total, their passive income will be $49k pa or $4k pm. They don't need $4k pm to retire. They just need $2.5k pm as long as they don't own a car and don't employ a helper. On top of that, they have their CPF Life which they can save $3.6k pm.