Quote:
Originally Posted by Unregistered
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.