Quote:
Originally Posted by Unregistered
Interesting sharing. Just wondering if the 6 of you ever discuss what is the amount of passive income per annum that you guys aim to achieve before stopping work. You have one with S$160k that has called it quits. Are the rest of you aiming for similar amount or higher amount? Also any net worth target discussed among you guys?
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My spouse and I will call it quits once we can generate a total passive income that covers our retirement expenditure.
If we spend $4k pm, our passive income should be $5k pm or $60k pa for us to retire.
$4k pm is enough for a retired couple assuming they are debt free and living in their mortgage free home.