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Old 17-06-2016, 06:28 PM
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Married, middle class couple in our forties, with a total income of $161,000 pa. Owns a 3 bedroom condominium unit, worth $1m, with a small mortgage outstanding. Our car is paid up in full cash. We save $35,000 pa.

Our ambition is to retire at 60 after our children get married and move to their own HDB flat. We will use our cash savings for our retirement expenses from age 60 to 65.

At 65, we will get our CPF Life of $3,800 pm in total. We will use our cash savings to buy annuities to give us $1,200 pm. Our two children will give us $1,000 pm in total ($500 pm from each of them). In total our passive income is expected to be $6,000 pm or $72,000 pa.
How to get the figure of 3800 pm for CPf life
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