How much are you earning per annum?

Private Equity, Venture Capitalist
33 male, non-chinese, $23k salary, international firm based in SG, bonus this year $120k.
Own a car, no other assets, no mortgage, no liabilities.
Single but dating. No problem in that department.
Planning to purchase a home in Johor. Do share.

54, male
Retired from corporate world
Small home, mortgage free
Passive income 2k pm
Simple lifestyle, no smoking, no drinking

Originally Posted by Unregistered

54M, 52F
Our condo is paid up
We can retire when we reach 55
We will need $36k pa for food and utilities (no car) to retire from 55 to 65
At 65 we get $60k pa ($5k pm combined) from CPF Life

How about your kids’ living expenses, university fees?

Originally Posted by Unregistered

How about your kids’ living expenses, university fees?

we don't have kids.

Originally Posted by Unregistered

My spouse and I are in our early 50s. We are debt free and owns our home. Retiring overseas in a cheaper location is something we talked about often. I think we can retire in Penang maybe when we reach 55 (after collecting our CPF) with the passive income we can get from renting out our home in Spore.

Rent out property in SG S$3000 pm
Convert to RM to get RM10,000 pm

Cost of living in Penang

Rent a 2 bedder condo RM1500 pm
Food, utilities, transport RM2000 pm
Travel the world RM2000 pm (RM24,000 pa)
Misc RM2000 pm
Total RM7,500 pm
Savings RM2,500 pm

This is for our retirement from 55 to 65.
When we reach 65, our CPF Life will give us S$5000 pm (S$2500 each)
We can save this S$60,000 pa (or RM195,000 pa) or upgrade our retirement lifestyle

We have achieved FIRE (Financial Independence, Retire early)

I want to burst your bubble. You have not achieved FIRE.
You are planning to retire in a different country. This is a rational decision because you know that you would not be able to live a decent life in Singapore.
I would encourage you to earn enough and have a decent payout so that you can continue living in Singapore. Don't you realise when 'foreigners' come to Singapore, we don't like it. You will face a similar situation in another country.

Originally Posted by Unregistered

I often see people who don't really know much about the job market saying things like this.

Here's some insight into tech market since that other guy pointed it out. In tech, there are at least 20+ SG companies that will take in any mediocre dev and let them coast for 5-10 years. There are F500 companies that will promote you every 2-3 years if you put 50% effort in and many more.

You don't just get fired out of the blue lmfao that's nonsense. Also the market is hot for good devs, anyone who is 45 years old and above who are in tech, will most likely be Senior / Principal dev level.

Companies will hire these people over any fresh grads or junior devs regardless of age. Unless you're joining some fresh start-up unicorn, most of the managers at F500 companies are in their 40s and 50s with family. There's no ageism in these companies, they don't give a ****. As long as you do work, show growth, take initiative, make them look good, that's all they care.

Do side gigs if you want, good on you if you do, I respect the hustle but don't spread some ******** and make it sound like working hard at a job is futile since you might get fired out of the blue when that's near impossible in a booming sector like tech.

Lol the last sentence. Eat your words bro.

Originally Posted by Unregistered

My spouse and I are in our early 50s. We are debt free and owns our home. Retiring overseas in a cheaper location is something we talked about often. I think we can retire in Penang maybe when we reach 55 (after collecting our CPF) with the passive income we can get from renting out our home in Spore.

Rent out property in SG S$3000 pm
Convert to RM to get RM10,000 pm

Cost of living in Penang

Rent a 2 bedder condo RM1500 pm
Food, utilities, transport RM2000 pm
Travel the world RM2000 pm (RM24,000 pa)
Misc RM2000 pm
Total RM7,500 pm
Savings RM2,500 pm

This is for our retirement from 55 to 65.
When we reach 65, our CPF Life will give us S$5000 pm (S$2500 each)
We can save this S$60,000 pa (or RM195,000 pa) or upgrade our retirement lifestyle

We have achieved FIRE (Financial Independence, Retire early)

i dont think u know what FIRE actually means lol

ure retiring overseas because u dont have enough $$$

thats like me retiring in thailand at 40 then saying FIRE when the reality is that i cant afford the housing and living cost in SG

I’m wondering if me and my fiancé have the ability to get a slightly better car.. but the COE is so high now lol a bit stupid

28YO, Finance and 26YO, Marketing earning about 235k PA combined

Go buy new BMW 7

working couple at 51.

assessable income last year $600k in total
owns 2 paid up properties - valued at $2.5M (stay) and $1.5M (rental)
CPF all accounts about $1.5M
Stocks and bonds $1.5M
Cash $0.5M

planning to retire in another 4 years time. life is good.