Quote:
Originally Posted by Unregistered
What do you think of this couple's profile (52 & 50 year old)?
Combined HH (husband & wife) income = $130k pa
Savings = $30k pa
5 room HDB flat fully paid up
Car paid up
Debt free
Two well brought up children
Combined HH (husband & wife) net worth (includes HDB flat, CPF & cash) = $1 mil
Can afford to enjoy good food at nice restaurants, twice a week
Can afford to go for overseas holidays, once a year
Can afford to give parents allowance = $1400 pm
Happy family, enjoy work life balance
Considered successful or not?
When can this couple retire?
Can the experts here comment?
Thank you. |
Looking at the statistics, this couple is probably considered lower middle class in Singapore. Can be considered to be moderately successful, and on track to retire by 62.
I can share the profile of another couple that I know of. Age 45 couple, combined HH income $500k, condo paid up, luxury car paid up, also two excellent brought up children in top IP schools, current net worth (Excluding stay in property) is about $2 Mil. I know they are waiting to enter property market for second unit for rental. I would consider this couple as upper middle class, and they looks to probably retire earlier, example at age 55.