How much are you earning per annum? - Page 1317 - 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
  #13161 (permalink)  
Old 29-03-2022, 08:42 PM
Unregistered
Guest
 
Posts: n/a
Default

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

Reply With Quote
  #13162 (permalink)  
Old 30-03-2022, 12:43 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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

Reply With Quote
  #13163 (permalink)  
Old 30-03-2022, 01:09 AM
Unregistered
Guest
 
Posts: n/a
Default

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.

Reply With Quote
  #13164 (permalink)  
Old 30-03-2022, 01:24 AM
Unregistered
Guest
 
Posts: n/a
Default

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
Reply With Quote
  #13165 (permalink)  
Old 30-03-2022, 12:45 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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
Reply With Quote
  #13166 (permalink)  
Old 30-03-2022, 08:47 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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. Donít 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 youíre healthy. Youíve done well. Enjoy your retirement now!
Reply With Quote

  #13167 (permalink)  
Old 31-03-2022, 10:02 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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
Reply With Quote
  #13168 (permalink)  
Old 31-03-2022, 10:15 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
Reply With Quote
  #13169 (permalink)  
Old 01-04-2022, 11:41 AM
Unregistered
Guest
 
Posts: n/a
Default 250k last year

35/m working in tech in bank. Total comp last year, 200k base, 50k bonus.
Reply With Quote
  #13170 (permalink)  
Old 01-04-2022, 07:37 PM
Unregistered
Guest
 
Posts: n/a
Default

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.
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
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,689 Replies, 3,320,132 Views
GovTech ( 1 2 3... Last Page)
3,336 Replies, 1,019,143 Views
Career as Teacher ( 1 2 3... Last Page)
6,245 Replies, 3,950,419 Views
Credit Suisse ( 1 2)
16 Replies, 5,853 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
2,001 Replies, 805,772 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
9,216 Replies, 2,897,616 Views
20% salary bump? ( 1 2 3)
24 Replies, 5,796 Views
How much are you earning per annum? ( 1 2 3... Last Page)
13,371 Replies, 5,287,640 Views
How is life as a doctor in... ( 1 2 3... Last Page)
4,289 Replies, 2,117,910 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,375 Replies, 760,270 Views
DBS tech seed programme ( 1 2 3... Last Page)
2,505 Replies, 728,454 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,230 Replies, 959,521 Views
Job Application with MOE... ( 1 2 3... Last Page)
398 Replies, 433,643 Views
Management Consultant MBB Big4 etc... ( 1 2 3... Last Page)
231 Replies, 107,216 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
4,166 Replies, 3,155,375 Views
Micron starting pay ( 1 2 3... Last Page)
565 Replies, 216,643 Views
Compare civil service salary ( 1 2 3... Last Page)
14,849 Replies, 9,624,760 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
565 Replies, 234,994 Views
IMDA (under MCI) ( 1 2 3... Last Page)
355 Replies, 182,193 Views
Lawyer Salary ( 1 2 3... Last Page)
18,051 Replies, 7,146,133 Views
Enterprise Singapore hiriing... ( 1 2 3... Last Page)
149 Replies, 143,877 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
346 Replies, 111,353 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,477 Replies, 2,537,823 Views
High Finance Thread ( 1 2 3... Last Page)
1,390 Replies, 333,113 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
967 Replies, 661,019 Views
ST Electronics ( 1 2 3... Last Page)
3,145 Replies, 958,216 Views
Engineer Pay ( 1 2 3... Last Page)
525 Replies, 285,930 Views
NUS (National University of... ( 1 2 3... Last Page)
249 Replies, 187,246 Views
Electrical Engineering Jobs in...
2 Replies, 408 Views
For those with 2-5 YOE, what is... ( 1 2 3... Last Page)
1,044 Replies, 254,559 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 11:11 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2