We're a middle income/middle class graduate couple, 47 & 45, with two teenage children.

Here are our assets (combined)
1. Private condo (home), 3 bedroom, paid up. Valued at $1m.
2. Private condo (investment), 1 bedroom, paid up. Valued at $600k.
3. CPF savings $500k.
4. Cash $100k
5. Car, paid up. Current value $70k.

We have no debt and our combined net worth $2.27m.
Our combined income $214k pa and we save $40k pa cash.

Our annual expenses include food, utilities, car expenses, holidays, children's expenses, eating out at restaurants, branded clothes, branded bags and shoes, insurance, taxes, entertainment, parents' allowances (both sides), condo maintenance fees, etc.

To reward ourselves, we don't mind spending when it comes to eating good food at restaurants, wearing nice branded clothing and enjoying our holidays. We are also generous to our parents with the monthly allowances.

We plan to retire at 62. Our retirement plan is as follows.
1. Retire in our current condo home.
2. Buy annuities with cash savings.
3. Our multiple sources of passive income will be from investment condo rental, CPF Life and annuities.