How much are you earning per annum?

46, $250k pa. Condo valued at $3m, no more loan. Stocks worth $4m, dividends $200k pa. Aiming to join my seniors who retired in their 40s. I will retire at 50. My total net worth $8.5m. Annual expenses $130k pa.

We are a professional couple in our late thirties. Day and night working like hell, not much rest. Earn $300k pa combined. No much time for family, social work. We want to save as much as possible so we can retire at 50. We live in a $1m condo, cleared the mortgage. We have $2m in the bank. We hope to save another $2m by 50.

Originally Posted by Unregistered

We are a professional couple in our late thirties. Day and night working like hell, not much rest. Earn $300k pa combined. No much time for family, social work. We want to save as much as possible so we can retire at 50. We live in a $1m condo, cleared the mortgage. We have $2m in the bank. We hope to save another $2m by 50.

Statistics have shown professionals of your profile and lifestyle will die early, mostly in their mid 50s. So you better get your will ready.

Are you running a business? If not, what kind of work need day and night attention? Some more $300k pa combined is like kinda low. For that kind of "devotion" and "commitment" one would expect that you are doing your own business or have better remuneration.

Originally Posted by Unregistered

We are a professional couple in our late thirties. Day and night working like hell, not much rest. Earn $300k pa combined. No much time for family, social work. We want to save as much as possible so we can retire at 50. We live in a $1m condo, cleared the mortgage. We have $2m in the bank. We hope to save another $2m by 50.

What nonsense! Those who retire early and let their mind idle are the ones to go first. See here Fatal attraction? Access to early retirement and mortality | vox. In almost any society, country this phenomenon is observed.

Not only that, those who retired early also ended up poor if they are unlucky not to die young.
Conversely those worked longer, lived longer and have the money to maintain their lifestyle longer.

Originally Posted by Unregistered

Statistics have shown professionals of your profile and lifestyle will die early, mostly in their mid 50s. So you better get your will ready.

You best don't wake up, lest your dream be broken. Lol.

Originally Posted by Unregistered

46, $250k pa. Condo valued at $3m, no more loan. Stocks worth $4m, dividends $200k pa. Aiming to join my seniors who retired in their 40s. I will retire at 50. My total net worth $8.5m. Annual expenses $130k pa.

I am currently 25 years old earning a salary of $42,900 p.a after working for slightly over 3 years.

Does anyone know if this is considered average or low? Sometimes I feel abit underpaid because my peers in the same sector are earning over $50,000 p.a with lesser experience than me. It makes me feel like I'm incapable.

Find this threat really useful so am also sharing . The truth, the whole truth and nothing but the truth

Job: Business development in an oil major/MNC
Age: 31, 5 years working in this line. Unmarried but attached
Salary: 105k base (incl AWS) + 60k bonus. Bonus is highly variable depending on business results.
Assets: 2 bedroom condo city fringe, mortage remaining about 700k
Various stocks/cash about 30k.

I'm hoping to post overseas next year and get a promotion, which together with renting out my condo should be comfortable enough. Would be keen to hear about experiences from others in my line/age range.

I earn $190k pa, net worth $1.7m. Wife earns $120k pa, net worth $0.7m. We live in a condo in D21. We are in our early 40s. Our assets are our condo home, stocks, cash and cpf. We will continue saving and increasing our stocks. We should reach a net worth of $6m in total when we reach 55 years old. Then we retire.

$6m by 55 is on the high side. Your combined current income and net worth is quite typical of dual income graduate couples in their mid 40s, and most would accumulate $5m by 55 if they do not make any big expense along the way (eg. spending on overseas university fees for their children). I know of some who managed to achieve $5.8m at 55 but that is only because their combined income was $500k pa when they were 50. They were saving $400k pa combined with passive incomes. By the way these people only drive Jap cars.

How did you arrive at the $6m projection?

Originally Posted by Unregistered

I earn $190k pa, net worth $1.7m. Wife earns $120k pa, net worth $0.7m. We live in a condo in D21. We are in our early 40s. Our assets are our condo home, stocks, cash and cpf. We will continue saving and increasing our stocks. We should reach a net worth of $6m in total when we reach 55 years old. Then we retire.