How much are you earning per annum? - Page 1306 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




How much are you earning per annum?

Reply
 
Thread Tools
  #13051 (permalink)  
Old 14-02-2022, 05:36 PM
Unregistered
Guest
 
Posts: n/a
Default

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?

Reply With Quote
  #13052 (permalink)  
Old 14-02-2022, 06:21 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
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

Reply With Quote
  #13053 (permalink)  
Old 14-02-2022, 07:17 PM
Unregistered
Guest
 
Posts: n/a
Default

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.



Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #13054 (permalink)  
Old 15-02-2022, 03:03 PM
Unregistered
Guest
 
Posts: n/a
Default

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.
Reply With Quote
  #13055 (permalink)  
Old 15-02-2022, 04:14 PM
Unregistered
Guest
 
Posts: n/a
Default

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
Reply With Quote
  #13056 (permalink)  
Old 16-02-2022, 09:25 PM
Unregistered
Guest
 
Posts: n/a
Default

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.
Reply With Quote

  #13057 (permalink)  
Old 22-02-2022, 06:53 PM
Unregistered
Guest
 
Posts: n/a
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
Reply With Quote
  #13058 (permalink)  
Old 22-02-2022, 07:34 PM
Unregistered
Guest
 
Posts: n/a
Default

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
Reply With Quote
  #13059 (permalink)  
Old 22-02-2022, 07:35 PM
Unregistered
Guest
 
Posts: n/a
Default

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
Reply With Quote
  #13060 (permalink)  
Old 23-02-2022, 08:04 AM
Unregistered
Guest
 
Posts: n/a
Default

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.
Reply With Quote
Reply

Bookmarks

Tags
bond, bond breaking, income pa, lawyer, saf

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Industries with Highest Proportion Earning 5-Figure Monthly Income Salary.sg Income and Jobs 25 23-04-2021 10:40 PM
Lawyer earning $25k/mth forged $65k payslip to get job Salary.sg Income and Jobs 2 30-12-2011 02:42 PM

» 30 Recent Threads
Changi Airport Group ( 1 2 3... Last Page)
463 Replies, 512,425 Views
Engineer Pay ( 1 2 3... Last Page)
540 Replies, 321,443 Views
Comp Science Frsh Grad Salary ( 1 2 3... Last Page)
660 Replies, 207,982 Views
How much are you earning per annum? ( 1 2 3... Last Page)
13,590 Replies, 5,678,436 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
4,285 Replies, 3,461,155 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
5,052 Replies, 2,810,422 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,071 Replies, 543,664 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
9,936 Replies, 3,399,710 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
1,104 Replies, 807,336 Views
GovTech ( 1 2 3... Last Page)
3,527 Replies, 1,214,450 Views
Career as Teacher ( 1 2 3... Last Page)
7,061 Replies, 4,493,868 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,265 Replies, 1,030,431 Views
Lawyer Salary ( 1 2 3... Last Page)
18,864 Replies, 8,017,482 Views
IMDA (under MCI) ( 1 2 3... Last Page)
477 Replies, 235,511 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,049 Replies, 3,620,074 Views
Job Application with MOE... ( 1 2 3... Last Page)
456 Replies, 480,752 Views
Compare Your Annual Income ( 1 2 3... Last Page)
39 Replies, 11,312 Views
Micron starting pay ( 1 2 3... Last Page)
665 Replies, 275,349 Views
DBS ACE Programme ( 1 2 3... Last Page)
80 Replies, 25,509 Views
Work culture in IHiS ( 1 2 3... Last Page)
400 Replies, 307,855 Views
Roles in accenture singapore ( 1 2 3... Last Page)
5,685 Replies, 1,428,363 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
1,183 Replies, 515,770 Views
Deutsche Corporate Bank Graduate... ( 1 2)
12 Replies, 819 Views
DBS tech seed programme ( 1 2 3... Last Page)
2,847 Replies, 932,094 Views
Working in NEA ( 1 2 3... Last Page)
95 Replies, 118,276 Views
MOH Holdings ( 1 2)
14 Replies, 14,191 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,128 Replies, 806,210 Views
How is life as a doctor in... ( 1 2 3... Last Page)
4,637 Replies, 2,388,140 Views
Digital Academy Program at ST...
5 Replies, 360 Views
Compare civil service salary ( 1 2 3... Last Page)
15,147 Replies, 10,333,167 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 08:56 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2023, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2