How much are you earning per annum?

150k+ in 40s, should max out at 180k. Very low when looking at how much graduates are earning now.

Originally Posted by Unregistered

150k+ in 40s, should max out at 180k. Very low when looking at how much graduates are earning now.

near 200k in 40s, i should be able to get to 250k min

My spouse and I have the option to retire now if we monetise our private property. We are in our early 40s and are debt free.

We can sell our fully paid condo and downgrade to a HDB flat and get $1m cash. On top of that we will also collect $400k cash from our CPF OA at 55. All this will be more than sufficient for our retirement expenses until 55.

When we reach 55, our CPF Life will provide us a combined $120k pa of passive income. Most likely we will only spend $80k pa and can still save $40k pa.

We are seriously thinking about retiring now to relax and pursue other interests. To retire at 55 is too old.

32. Retired with about 3m in liquid assets

I worked as a management consultant and then moved to pe. Also got very lucky with some investments in crypto and us equities like Amazon and Tesla before they soared

Originally Posted by Unregistered

32. Retired with about 3m in liquid assets

I worked as a management consultant and then moved to pe. Also got very lucky with some investments in crypto and us equities like Amazon and Tesla before they soared

have fun and stay healthy

Originally Posted by Unregistered

My spouse and I have the option to retire now if we monetise our private property. We are in our early 50s and are debt free.

We can sell our fully paid condo and downgrade to a HDB flat and get $500k cash. On top of that we will also collect $200k cash from our CPF OA at 55. All this will be more than sufficient for our retirement expenses until 65.

When we reach 65, our CPF Life will provide us a combined $60k pa of passive income. Most likely we will only spend $40k pa and can still save $20k pa.

We are seriously thinking about retiring now to relax and pursue other interests. To retire at 65 is too old.

You sound determined to retire now so just do it. Don’t regret. Live life to the fullest. You have more than enough to retire. Most people live in HDB flat so no big deal if you downgrade. With lots of cash you can travel the world while you’re healthy. You’ve done well. Enjoy your retirement now!

Originally Posted by Unregistered

i think youre doing not too bad mate. just gotta be satisfied w your own growth.

really? i'm 26 this year and i hear all those like early 30s alr earning more than 7-8k per month and i see myself so far from them

Originally Posted by Unregistered

really? i'm 26 this year and i hear all those like early 30s alr earning more than 7-8k per month and i see myself so far from them

Fresh grad, private uni, local bank MO. Pre-bonus with 36k sound about right.

I have a NS mate, started with similar profile. Probably need to get some experience in first, and look elsewhere and see if can get the pay bump overtime (especially if not getting it at your current bank).

As the previous person says, you just have to be satisfied about your own growth.

35/m working in tech in bank. Total comp last year, 200k base, 50k bonus.

In Singapore a retiree needs $1500 pm for basic necessities, assuming HDB flat is paid up. So a retired couple needs $3000 pm or $36k pa. So if you have $360k cash and CPF Life, you can retire when you are 55 years old. If you have more cash you can retire at 45 years old.