Quote:
Originally Posted by Unregistered
Middle class couple
My earnings $176k pa (47 yo)
Wife's earnings $160k pa (45 yo)
Annual savings $210k pa
Home, mortgage outstanding $130k
Car, loan outstanding $40k
Cash & CPF, total $750k
Net worth, total $3.1m
How are we doing?
When can we retire? |
You can retire now. Assuming you can use $500k from your cash and
CPF to pay for a
HDB flat. You can sell your condo and buy a
HDB flat. You will then have $2.6 mil to invest in a 5% dividend portfolio giving you $130k pa. This passive income is enough for your family of four.