How much are you earning per annum?

Originally Posted by Unregistered

Congrats. You did well. Very kind hearts too. But 50 is too young to retire.

Actually we were off by a few years of our retirement target. My classmates are I are high flyers and we all compete on who can retire the earliest. The best amongst us retired at 45, he was really successful. Even though we retired from our salaried work, we still work but now for the community. We need more highly successful people like us to do social work.

Of all the stories, this one has to take the cake. Age is too arbitrary and subjective to be set as a target by itself without another variable like net worth.

A single person with just $2m can retire at 40 while a couple at 60 with school going children and net worth of $3m may baulk at retiring.

It is laughable thus that you should be competing just on age. I mean your friend retiring at 45 may be single and have only $1.5m net worth. Is he a "winner" compared to another who has $5m and still working because he has aged parents and young children under his care?

And by the way, people who are taking care of their own families, aged parents and extended families are doing good and definitely better than those who claimed to be doing charitable work while neglecting their own aged parents and relatives who are needy. I brought this up because I have come across such people. Sadly, they are going for "recognition" - they want to be seen to be doing good while ignoring or staying clear of their own needy relatives.

Originally Posted by Unregistered

Actually we were off by a few years of our retirement target. My classmates are I are high flyers and we all compete on who can retire the earliest. The best amongst us retired at 45, he was really successful. Even though we retired from our salaried work, we still work but now for the community. We need more highly successful people like us to do social work.

Originally Posted by Unregistered

Actually we were off by a few years of our retirement target. My classmates are I are high flyers and we all compete on who can retire the earliest. The best amongst us retired at 45, he was really successful. Even though we retired from our salaried work, we still work but now for the community. We need more highly successful people like us to do social work.

I'm inspired by you. My wife and I are also thinking of retiring as we have a net worth of $10m. Our passive income alone is $300k pa. We have no other family responsibilities. We are thinking of traveling the world as well as doing charity work like you do. We don't want to continue working to hoard more wealth. Anyway, my doctor advised me to take it easy as I am highly stressed from my work.

Originally Posted by Unregistered

I'm inspired by you. My wife and I are also thinking of retiring as we have a net worth of $10m. Our passive income alone is $300k pa. We have no other family responsibilities. We are thinking of traveling the world as well as doing charity work like you do. We don't want to continue working to hoard more wealth. Anyway, my doctor advised me to take it easy as I am highly stressed from my work.

Could you share more on how you and your friends accumulated your wealth? Are all of you working in BB banks or oil & gas?

Originally Posted by Unregistered

Could you share more on how you and your friends accumulated your wealth? Are all of you working in BB banks or oil & gas?

We are corporate high flyers and good investors. We make a lot from investing in cheap stocks during the 2008 global crisis. When people fear, we invest.

44, multi millionaire full time investor, earns $100k pa, achieve more than 10% annual returns from investment portfolio. Wife, 42, salaried worker, earns $110k pa. Lives in a luxury condo, drives a conti car. Spendings $112k pa. We hope to retire by 65.

My wife and I are 40 years old, we met in JC and got married after we worked for a few years. We started with a HDB flat and now living in an EC. We managed to pay off our mortgage. We now have $1m in stocks which gives us 5% dividends. We aim to continue to save and invest in good stocks. Our target by 60 years old is to have $2m worth of stocks. Then we will retire in KL, where many of my relatives are. By then we expect S$1 = RM4, so our S$2m will be worth RM8m. RM8m should be enough to retire with in KL. We will give our EC to our only daughter.

My friend, who is 42, and his wife, 48, sold their condo and plus their savings got $2m in cash. They convert the cash to RM and got RM5m. They are now retired in Penang, enjoying life and pursuing their reading hobby. They also volunteer at the local charities.

Originally Posted by Unregistered

My wife and I are 40 years old, we met in JC and got married after we worked for a few years. We started with a HDB flat and now living in an EC. We managed to pay off our mortgage. We now have $1m in stocks which gives us 5% dividends. We aim to continue to save and invest in good stocks. Our target by 60 years old is to have $2m worth of stocks. Then we will retire in KL, where many of my relatives are. By then we expect S$1 = RM4, so our S$2m will be worth RM8m. RM8m should be enough to retire with in KL. We will give our EC to our only daughter.

47, sole bread winner, earning $100k pa. Bought a fire sale condo in 2006 for $500k, now worth $1m. Outstanding loan $200k. Drives an old COE car. Annual family expenditure $80k. CPF plus cash savings $200k, no other assets. Will retire at 65, will go to Bangkok to wife's parents home to take care of her old parents.

Couple, 50 & 52, combined income $207k pa. Owns and lives in a condo, fully paid up. European car, no loan. Total net worth (condo, CPF, stocks, cash) is $2.2m. Debt free.