How much are you earning per annum?

Originally Posted by Unregistered

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

What makes SG so special that it must be used as the benchmark?

The world is a big place, you can retire wherever you want.

FIRE simply means financial independence and retire early.
As long as you have achieved FI (your passive income is greater than expenses), then you can retire.

Don’t be a frog in the well.

So many people retire by living in cheaper locations. Westerners retire in Asia.

You work hard to build assets in Singapore then retire in a cheaper country.

Happy to say that I have achieved FIRE.

I saved up about 1m SGD from 25 years old and I'm 32 now.

Once I sell my house ( 1.4m lowest evaluation quick sell ), I can get about 2.6m SGD total cash, I can retire in Thailand and survive with no passive income whatsoever since I estimated that I can live there with a rented place at a estimated cost of 4k monthly SGD which will last me exactly around 54+ years.

32 + 54 = 86, I doubt I'll survive past 70. Life is great.

We are in our mid 50s
We can retire now if we wish to
We can rent out our condo for S$4k pm
This is a lot of money to retire in Malaysia, Thailand, Indonesia, etc
We are debt free

Originally Posted by Unregistered

We are in our mid 50s
We can retire now if we wish to
We can rent out our condo for S$4k pm
This is a lot of money to retire in Malaysia, Thailand, Indonesia, etc
We are debt free

"can rent" and people actually renting are 2 different things, u need to account for possibility of no one wanting to rent ur condo

Originally Posted by Unregistered

"can rent" and people actually renting are 2 different things, u need to account for possibility of no one wanting to rent ur condo

nah, everyone is living in their make believe world

Originally Posted by Unregistered

We are in our mid 50s
We can retire now if we wish to
We can rent out our condo for S$4k pm
This is a lot of money to retire in Malaysia, Thailand, Indonesia, etc
We are debt free

similar here.

we are in early 50s, and owns 2 condo - stay in one, and rent out the other
in fact, we can move in to our parents HDB, and rent out both condos. possible to get $6k + $4k = $10k rentals per month

We are debt free as well.

Life is good.

Originally Posted by Unregistered

We are in our mid 50s
We can retire now if we wish to
We can rent out our condo for S$4k pm
This is a lot of money to retire in Malaysia, Thailand, Indonesia, etc
We are debt free

Most important question: are you able to retire in Singapore where the healthcare, security systems are much better?

Originally Posted by Unregistered

What makes SG so special that it must be used as the benchmark?

The world is a big place, you can retire wherever you want.

The context. You can retire in a 3rd world country and call yourself a "billionaire" just to satisfy your ego. Just like FIRE, you will be called a BILLIONAIRE too.

the real FIRE is when you achieve it in same country you live in. Otherwise, its all about satisfying your ego.

Originally Posted by Unregistered

The context. You can retire in a 3rd world country and call yourself a "billionaire" just to satisfy your ego. Just like FIRE, you will be called a BILLIONAIRE too.

the real FIRE is when you achieve it in same country you live in. Otherwise, its all about satisfying your ego.

Exactly this.

Can also eat like a peasant, live in some small 1 room rental co-sharing, never travel overseas, everyday stay at home play games and say "oh I achieved FIRE" lmfao what a joke.

Go post your plans over /r/financialindependence and they will f**king laugh at you.