How much are you earning per annum? - Page 1360 - 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
  #13591 (permalink)  
Old 08-02-2023, 08:01 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
How much does a retiree need? It depends on the retirement lifestyle. If he eats at restaurants everyday, drive a sports car and live in a penthouse, expensive overseas holidays every year, then he would need a lot of money.

However if he leads a simple retirement lifestyle, live in a fully paid HDB flat, no car, no expensive restaurant meals everyday, then he doesnít need a lot.

Food (hawker centre/ food court/ coffee shop) = 3 x 6 x 30 = $540 pm
Groceries = $300 pm
Utilities = $100 pm
Bus/ MRT = $60 pm
Medical insurance = $300 pm
Miscellaneous = $200 pm
Total $1500 pm or $18k pa

Can generate passive income from spare room rental (2 x 1000) = $2000 pm

If you want privacy, no need to rent out, you can sell your flat and buy a small flat

If you have $250k cash you can retire at 55. Spend $180k over 10 years. Emergency fund $70k. When you reach 65, you will get CPF Life.

So in summary you can retire at 55 if you have

CPF Life
Fully paid flat
$250k cash

Remember: Most of us will die by 85 years old. We may be sickly at 75 (10 years). So our best retirement age is from 55 to 75 (20 years). If you retire at 70, you only have 5 years of healthy retirement.
250k can retire at 55? lmao

Reply With Quote
  #13592 (permalink)  
Old 08-02-2023, 10:21 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
250k can retire at 55? lmao
$250k is just to cover his early retirement before 65.
He also needs CPF Life (maybe $300k+ at 55) and a paid up HDB flat ($500k?)
So his net worth must be at least $1 million before retirement.

Reply With Quote
  #13593 (permalink)  
Old 09-02-2023, 12:04 PM
Unregistered
Guest
 
Posts: n/a
Default

one say 250k can retire, one say 200k still poor and not enough

who to believe?

Reply With Quote
  #13594 (permalink)  
Old 09-02-2023, 01:46 PM
Unregistered
Guest
 
Posts: n/a
Default

Meh. You need to be healthy. Once sick all your savings gone.
Reply With Quote
  #13595 (permalink)  
Old 09-02-2023, 06:43 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
one say 250k can retire, one say 200k still poor and not enough

who to believe?
The guy who earns $200k pm cannot retire because he doesnít have much and spends $300k pa. No savings, debt all over.

The guy who can retire with $250k savings can retire because he just spend $18k pa, no debt and lots in CPF Life.
Reply With Quote
  #13596 (permalink)  
Old 09-02-2023, 07:01 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
The guy who earns $200k pm cannot retire because he doesnít have much and spends $300k pa. No savings, debt all over.

The guy who can retire with $250k savings can retire because he just spend $18k pa, no debt and lots in CPF Life.
agreed

the 250k saving guy also probably eat $1 cai peng everyday, never go out, stay at home nua all day, maybe watch hentai using cheap wifi, probably no friends also so never go out eat, no need wash clothes since dont go out so save alot of $$ everywhere, detergent, clothes, outside food, etc
Reply With Quote

  #13597 (permalink)  
Old 10-02-2023, 12:30 AM
Unregistered
Guest
 
Posts: n/a
Default

Iím the original poster with 200k annual

I save/invest about 60-70k per year, which is not great

After all I pay:
Mortgage: 4k+ (I am sole owner)
Parent allowance: 1.5k
Amortized plus cpf: slightly less than 3k
Dining and other expenses around 3k

Itís all about boosting income
Reply With Quote
  #13598 (permalink)  
Old 10-02-2023, 12:31 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
agreed

the 250k saving guy also probably eat $1 cai peng everyday, never go out, stay at home nua all day, maybe watch hentai using cheap wifi, probably no friends also so never go out eat, no need wash clothes since dont go out so save alot of $$ everywhere, detergent, clothes, outside food, etc
This kind of life might as well die sua
Reply With Quote
  #13599 (permalink)  
Old 10-02-2023, 12:32 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
one say 250k can retire, one say 200k still poor and not enough

who to believe?
Both are real

Question is what kind of quality of life do you want?
Reply With Quote
  #13600 (permalink)  
Old 10-02-2023, 09:04 AM
Unregistered
Guest
 
Posts: n/a
Default

post on this lj forum and talk to u brainless monkeys, i rather die sua
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
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
18,154 Replies, 5,483,789 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,559 Replies, 3,624,575 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,360 Replies, 701,063 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
2,309 Replies, 1,168,281 Views
Roles in accenture singapore ( 1 2 3... Last Page)
8,115 Replies, 2,560,490 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,641 Replies, 1,473,792 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
887 Replies, 472,301 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
2,303 Replies, 1,026,285 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,510 Replies, 1,238,584 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,402 Replies, 3,973,556 Views
Career as Teacher ( 1 2 3... Last Page)
11,725 Replies, 7,164,291 Views
Micron starting pay ( 1 2 3... Last Page)
709 Replies, 423,643 Views
ST Electronics ( 1 2 3... Last Page)
3,936 Replies, 1,663,386 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
432 Replies, 527,037 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
1,936 Replies, 1,547,894 Views
DBS ACE Programme ( 1 2 3... Last Page)
164 Replies, 87,645 Views
Lawyer Salary ( 1 2 3... Last Page)
21,401 Replies, 10,804,747 Views
GIC offer ( 1 2 3)
21 Replies, 1,635 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
6,057 Replies, 4,903,191 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,866 Replies, 1,275,913 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
941 Replies, 452,950 Views
Work culture in IHiS ( 1 2 3... Last Page)
791 Replies, 591,620 Views
Compare civil service salary ( 1 2 3... Last Page)
16,505 Replies, 12,918,268 Views
How much savings do you have? ( 1 2 3... Last Page)
1,343 Replies, 845,897 Views
MOH Holdings ( 1 2 3... Last Page)
77 Replies, 52,483 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
840 Replies, 481,452 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
1,271 Replies, 741,552 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
356 Replies, 402,845 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,400 Replies, 933,935 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 05:15 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2