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Old 22-01-2016, 04:39 PM
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We now save about $70k pa since we are debt free. We will work for another 15 years until age 65, so we will save about $1m. We will buy annuities with this $1m cash. This will be on top of the monthly payout of $3.6k pm from our combined cpf life. We can enjoy our condo now and in retirement. No problem.

How about you? Where do you live? What's your combined net worth?

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Originally Posted by Unregistered View Post
Dont say I say, but with a HH income of $150k pa or less than $10k pm (excluding bonuses) I would say it is not wise to live in a condo. You are putting your retirement in jeopardy.

Your combined networth of $1.6m which included your condo will not go far in retirement unless you can work till 65. My advise to you is to downgrade to HDB to free up the money for investment to grow your retirement fund. At 50, you dont have a lot of time to build up.

How much do you save per year currently?
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