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Old 16-02-2017, 02:21 PM
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Originally Posted by Unregistered View Post
Couple, 53 & 50.
Home - 2 BR condo worth $900k, paid up.
Car - paid up.
Combined cash & CPF - $500k.
Combined net worth (excluding car) - $1.4m.
Combined income - $160k pa.
Combined cash savings - $25k pa.
How are we doing?
If you're in our age group, please share your situation.
When and how can we retire?
Since you own both a condo and a car, you are considered the top 5%.
To retire now is not easy if you maintain your current lifestyle of owning a condo and a car since you don't have any investments. However if you downgrade to a HDB flat, you can retire at 55 years old.

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