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How much are you earning per annum?

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  #13051 (permalink)  
Old 14-02-2022, 05:36 PM
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Quote:
Originally Posted by Unregistered View Post
We will be retiring in a couple of years when we reach 55 after collecting our CPF funds. We plan to downgrade from our condo to a HDB flat and become debt free.

Sell condo $1 million
Buy HDB flat $500k
Collect CPF OA $200k
So we get $(1-0.5+0.2) = $0.7 million cash

We can spend this cash for our retirement from 55 to 65 years old.
We will need $5k pm which is $600k over 10 years.
When we reach 65, our combined CPF Life will be $5k pm.

This is our early retirement plan. We are very fortunate to be among the few in Singapore who can retire early.
Knn how many times u want to spam this same paragraph
What kind of condo u stay in that is only worth 1m?

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  #13052 (permalink)  
Old 14-02-2022, 06:21 PM
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Originally Posted by Unregistered View Post
Knn how many times u want to spam this same paragraph
What kind of condo u stay in that is only worth 1m?
Relax bro mai dulan haha

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  #13053 (permalink)  
Old 14-02-2022, 07:17 PM
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Excellent plan. Good to monetise your condo. 80% live in HDB flat so itís perfectly ok to downgrade. You are smart. The new luxury is free time.


Quote:
Originally Posted by Unregistered View Post
We will be retiring in a couple of years when we reach 55 after collecting our CPF funds. We plan to downgrade from our condo to a HDB flat and become debt free.

Sell condo $1 million
Buy HDB flat $500k
Collect CPF OA $200k
So we get $(1-0.5+0.2) = $0.7 million cash

We can spend this cash for our retirement from 55 to 65 years old.
We will need $5k pm which is $600k over 10 years.
When we reach 65, our combined CPF Life will be $5k pm.

This is our early retirement plan. We are very fortunate to be among the few in Singapore who can retire early.

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  #13054 (permalink)  
Old 15-02-2022, 03:03 PM
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Quote:
Originally Posted by Unregistered View Post
We will be retiring in a couple of years when we reach 55 after collecting our CPF funds. We plan to downgrade from our condo to a HDB flat and become debt free.

Sell condo $1 million
Buy HDB flat $500k
Collect CPF OA $200k
So we get $(1-0.5+0.2) = $0.7 million cash

We can spend this cash for our retirement from 55 to 65 years old.
We will need $5k pm which is $600k over 10 years.
When we reach 65, our combined CPF Life will be $5k pm.

This is our early retirement plan. We are very fortunate to be among the few in Singapore who can retire early.
Retiring at 55 years old is no big deal. So many successful people doing this. There are millionaires living in HDB flats.

I was fortunate to be highly successful in my studies and career. A high flyer. I retired in my mid 40s. Enjoying my retirement.
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  #13055 (permalink)  
Old 15-02-2022, 04:14 PM
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Quote:
Originally Posted by Unregistered View Post
Retiring at 55 years old is no big deal. So many successful people doing this. There are millionaires living in HDB flats.

I was fortunate to be highly successful in my studies and career. A high flyer. I retired in my mid 40s. Enjoying my retirement.
you enjoying your retirement by coming to this forum ?

lol
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  #13056 (permalink)  
Old 16-02-2022, 09:25 PM
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Thanks for sharing your retirement plans. We are encouraged and motivated as we were also thinking the same. With also have equity in our private property. Downgrading to a HDB flat is a reasonable plan as we started with a HDB flat. Living in a flat has many advantages too. Free time to do what we want is the most valuable luxury today. For us we can quit the corporate rat race and do what we enjoy. All the best to your early retirement plan!


Quote:
Originally Posted by Unregistered View Post
We will be retiring in a couple of years when we reach 55 after collecting our CPF funds. We plan to downgrade from our condo to a HDB flat and become debt free.

Sell condo $1 million
Buy HDB flat $500k
Collect CPF OA $200k
So we get $(1-0.5+0.2) = $0.7 million cash

We can spend this cash for our retirement from 55 to 65 years old.
We will need $5k pm which is $600k over 10 years.
When we reach 65, our combined CPF Life will be $5k pm.

This is our early retirement plan. We are very fortunate to be among the few in Singapore who can retire early.
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  #13057 (permalink)  
Old 22-02-2022, 06:53 PM
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Default Hey

Mid-30s, female, tech industry, annual total ard 500K.

Aiming to retire at age of 50. By then:
- 2 condo fully paid down
- 2 mil cash
- 1 mil+ CPF
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  #13058 (permalink)  
Old 22-02-2022, 07:34 PM
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Quote:
Originally Posted by Unregistered View Post
Mid-30s, female, tech industry, annual total ard 500K.

Aiming to retire at age of 50. By then:
- 2 condo fully paid down
- 2 mil cash
- 1 mil+ CPF
Are u chio? If chio donít even need work so hard can make more than that
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  #13059 (permalink)  
Old 22-02-2022, 07:35 PM
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Quote:
Originally Posted by Unregistered View Post
Mid-30s, female, tech industry, annual total ard 500K.

Aiming to retire at age of 50. By then:
- 2 condo fully paid down
- 2 mil cash
- 1 mil+ CPF
aren't you embarrassed? posing as a female and lying?

cringe bro
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  #13060 (permalink)  
Old 23-02-2022, 08:04 AM
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Quote:
Originally Posted by Unregistered View Post
you enjoying your retirement by coming to this forum ?

lol
A lot of fake IB posters with high salaries to justify the recent tax increases. Ofc FTs get all the perks of working in Singapore paying same taxes as locals without needing to serve NS.
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