How much are you earning per annum?

Originally Posted by Unregistered

Working couple age 52 both at large MNC. Gross income from job $600k. Dividends and rental income another $120k. We have no debt and plan to retire at 55. Hope this inspires the next generation to work harder. If we can do it, so can you.

Weak AF. With that income just another mid level boomer couple.

58, 57, retired couple
4 room HDB flat fully paid up. Worth $500k
No car
Children are working
Retirement expenses covered by cash and CPF savings and children’s monthly contributions
Savings $400k, needs $36k pa for retirement expenses. Total retirement expenses from now until 65 is about $288k
Will start receiving CPF Life from 65 onwards
Simple retirement lifestyle. Home cooked food. Public transport. Regional holidays
Enjoying our retirement. Slower paced life. Less stress. Healthier. Happier

Originally Posted by Unregistered

Weak AF. With that income just another mid level boomer couple.

Depends on their property, which I reckon is an HDB and a small shoebox condo. lol

Originally Posted by Unregistered

58, 57, retired couple
4 room HDB flat fully paid up. Worth $500k
No car
Children are working
Retirement expenses covered by cash and CPF savings and children’s monthly contributions
Savings $400k, needs $36k pa for retirement expenses. Total retirement expenses from now until 65 is about $288k
Will start receiving CPF Life from 65 onwards
Simple retirement lifestyle. Home cooked food. Public transport. Regional holidays
Enjoying our retirement. Slower paced life. Less stress. Healthier. Happier

Living like peasants and pretending to be happy, hope you enjoy

Originally Posted by Unregistered

Living like peasants and pretending to be happy, hope you enjoy

You're browsing a peasant's forum. You should stop pretending you're an aristocrat.

Originally Posted by Unregistered

You're browsing a peasant's forum. You should stop pretending you're an aristocrat.

I can guarantee I am significantly wealthier than you

Originally Posted by Unregistered

I can guarantee I am significantly wealthier than you

Wow .. you win.

Originally Posted by Unregistered

Wow .. you win.

Aiya in forums compare kkj length 18cm he wan win let him win loh

Originally Posted by Unregistered

Wow .. you win.

Let's clap for him

The idea of retiring early is truly exhilarating now that we've both reached our 40s. It feels like a genuine possibility given our tremendous financial success. Our spacious 5-room HDB flat, which we purchased many years ago, is now mortgage-free. In addition, we've paid off our car loan, allowing our CPF savings to grow substantially each year.

With this positive trajectory, we should be able to bid farewell to our professional careers by the age of 50. Looking ahead, we estimate that our combined cash and CPF OA savings will accumulate to approximately $600,000 in five years' time. Meanwhile, our CPF SA balance is experiencing rapid growth, and we anticipate being able to opt for the CPF Life Enhanced Retirement Sum. By doing so, we can expect a combined monthly payout of around $5,000 ($60,000 annually) once we reach the age of 60. Furthermore, our children have expressed their willingness to contribute a total of $2,200 per month ($26,400 annually). As a result, our passive income during our retirement years should amount to $86,000 annually, while our estimated retirement expenses will be approximately $50,000 per year.

The prospect of retiring early at the age of 50 fills us with such immense joy. We've already started envisioning the countless possibilities and experiences that await us, which we've been unable to fully explore due to our demanding schedules.