Quote:
Originally Posted by Unregistered
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.
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Fair enough. Assuming your debt free portfolio of assets will generate 3% a year (a very conservative portfolio since you should not be taking on riskier assets when retired), then you will need $2m of assets.
If that is the case, then a lot of people could retire earlier but they did not. Is their retirement expenditure much higher than $4k per month or Singapore has become so expensive that they would rather err on the side of prudence?