How much are you earning per annum?

Originally Posted by Unregistered

Congratulations! Looks like you have all planned out. Do enjoy your retirement. I am enjoying mine!

Wow! That's awesome! You must have been a top high flyer in banking.
Yes, I've prepared everything. Just 7 years to go! Thanks!

After many years of the fast paced, long hours, jet setting corporate life, I have decided to slow down as it is affecting my health. I am now semi retired at 48.

I have earned enough to be financially independent. My home, a beautiful condo unit, is now free of mortgage. Besides my home, I also own a paid up investment grade property, which is being leased out, giving me rental income.

In my semi retirement, I hope to give back to the business world by helping SMEs grow. I will play a mentor and advisory role.

I will also be actively managing my stocks portfolio. This portfolio will generate trading profits as well as dividend income.

I will enjoy holidays more often. This will definitely be different from my past business trips.

Most importantly, I will take better care of my health.

Originally Posted by Unregistered

After many years of the fast paced, long hours, jet setting corporate life, I have decided to slow down as it is affecting my health. I am now semi retired at 48.

I have earned enough to be financially independent. My home, a beautiful condo unit, is now free of mortgage. Besides my home, I also own a paid up investment grade property, which is being leased out, giving me rental income.

In my semi retirement, I hope to give back to the business world by helping SMEs grow. I will play a mentor and advisory role.

I will also be actively managing my stocks portfolio. This portfolio will generate trading profits as well as dividend income.

I will enjoy holidays more often. This will definitely be different from my past business trips.

Most importantly, I will take better care of my health.

Health must take priority. What is the point of accumulating so much wealth when you are not in a position to enjoy it? You have made the right move to retire early.

Could you share what is your net worth and how much passive income that you target (from property rental and investment return from your stocks portfolio) in your retirement years?

Life is not all about material wealth. Your health is more important. Health is wealth.

What's the point of owning millions but bedridden. You don't want to work so hard until you suddenly collapse because of a heart attack caused by your highly stressed, unhealthy lifestyle. You can't enjoy a single cent from your millions.

If you pass away early, then you will leave behind millions to your children. They will then retire early and enjoy your hard earned millions. They will buy a big bungalow with a big swimming pool to enjoy. They will travel the world on first class. Thanks to you! Hahaha.

You made the right choice to quit and retire early. Since you are financially independent and own two paid up private properties, you are clearly very successful and can afford to take it easy.

Take good care of your health and enjoy your early retirement!

Originally Posted by Unregistered

After many years of the fast paced, long hours, jet setting corporate life, I have decided to slow down as it is affecting my health. I am now semi retired at 48.

I have earned enough to be financially independent. My home, a beautiful condo unit, is now free of mortgage. Besides my home, I also own a paid up investment grade property, which is being leased out, giving me rental income.

In my semi retirement, I hope to give back to the business world by helping SMEs grow. I will play a mentor and advisory role.

I will also be actively managing my stocks portfolio. This portfolio will generate trading profits as well as dividend income.

I will enjoy holidays more often. This will definitely be different from my past business trips.

Most importantly, I will take better care of my health.

[ai_eng]

S$279,439 annual.

Single. I'm an artificial intelligence engineer and also manag the engineering team.

Private condo, no car but I have a Ducati 996.

Well done. Your pay is only limited by your imagination

Originally Posted by ai_eng

S$279,439 annual.

Single. I'm an artificial intelligence engineer and also manag the engineering team.

Private condo, no car but I have a Ducati 996.

Both 50.
$200k pa total income.
Savings $40k pa in total.
Cheap OCR condo. Paid up.
Cheap new car. Paid up.
Our assets are our condo, car, cash and CPF savings.
Total net worth $1.5m.
Debt free.

When can we retire?
How can we retire?

Appreciate advice from the experts here. Thank you.

You can retire at 55 if your children are working, married and staying in their own flats.

Since you save $40k pa, over 5 years you would save $200k. You can sell
your big condo for $1m and move into a smaller one bedroom condo you can buy for $500k. You will then have $700k cash ($200k + $500k).

If you spend $40k pa on average (inflation taken into consideration) in retirement from age 55 to 65, you will need to spend $400k in total over 10 years. Your $300k cash balance will be for standby.

When you reach 65, your CPF Life will give you $4k pm or $48k pa from 65 onwards, if you choose the ERS.

During your retirement, make sure you don't own a car, don't employ a maid, don't smoke, don't drink and don't gamble. These are money drainers.

Originally Posted by Unregistered

Both 50.
$200k pa total income.
Savings $40k pa in total.
Cheap OCR condo. Paid up.
Cheap new car. Paid up.
Our assets are our condo, car, cash and CPF savings.
Total net worth $1.5m.
Debt free.

When can we retire?
How can we retire?

Appreciate advice from the experts here. Thank you.

I really don't understand where you guys came to the conclusion that wealth = unhealthy. It is very far from the truth. In fact it is the opposite.

Please read this article: .menshealth.com/the-fiscally-fit-man/healthy-and-wealthy

Below is an extract from the article:

"Yes, the rich really are different. They have better health. Not only do they enjoy greater longevity, but their days are less burdened by disease. Don't be fooled by the old idea that more money creates more problems. When it comes to health, the poor are much more likely to suffer physical and mental indignities—everything from asthma and accidents to chronic conditions like diabetes, high blood pressure, and heart disease. The lower your position in the economic hierarchy, the more susceptible you are to virtually every major disease affecting men."

So dont retire hastily. Ensure you have financial security first before retiring. If you are already unwell, find out the root cause of your illness. If it is indeed work related, change the work or job. Dont choose retirement as a first option. If your illness is due to something else then it makes even more sense to stay in employment as your medical expenses can be offset by your employment medical benefits and insurance. If you retire then you will have to bear all the medical expenses by yourself.

Originally Posted by Unregistered

Life is not all about material wealth. Your health is more important. Health is wealth.

What's the point of owning millions but bedridden. You don't want to work so hard until you suddenly collapse because of a heart attack caused by your highly stressed, unhealthy lifestyle. You can't enjoy a single cent from your millions.

If you pass away early, then you will leave behind millions to your children. They will then retire early and enjoy your hard earned millions. They will buy a big bungalow with a big swimming pool to enjoy. They will travel the world on first class. Thanks to you! Hahaha.

You made the right choice to quit and retire early. Since you are financially independent and own two paid up private properties, you are clearly very successful and can afford to take it easy.

Take good care of your health and enjoy your early retirement!

Contented upper middle class, late 40s couple.
Total earnings $180k pa. Home is a 3 bedder luxury condo, paid up.
Bought a new car with cash savings. No loan.
We grew up in a lower income family.
We are happy to climb up the social ladder.
We are better than our parents' generation.
Total net worth $2m.