Originally Posted by Unregistered

This thread full of people boasting that 200k pa not enough to retire. In reality they can't even make that amount with their active income right now. They are only dreaming online.

I have arranged a modest sum of 5k/month for my retirement, or 60k pa. Big expenses like housing should be gone by retirement time. This money is purely for expenses and none of it needs to be saved.

Car installment - 1k/month for basic car
Car expenses - 500/month for petrol, insurance, road tax
Food - 1-2k/month depending on how often eat good food
Travel - 1k/month can be accumulated for a few months

As a middle class family we don't expect to go holiday every month or eat in restaurant for 3 meals daily. 1 or 2 trips a year is more than enough for travel. The hawker centre next to our house is great for breakfast and $5 meals. Weekend restaurant meals will only add up to $800/month at most.

Above all, don't wait until retirement to enjoy life. Some may not make it.