How much are you earning per annum?

38/41, $130k on total, one child. Bought 2 room condo in 2010 for $850k, now worth $1m, mortgage left $400k. Drives a small 9 year old car, paid up. Our cash and CPF in total is about $400k. Our total net worth is now about $1m.

We will work until 65. We aim to save $30k pa so when I reach 65, we can save another $720k. When we retire, we will sell our condo and buy a HDB studio flat for the elderly. We will invest $1.5m in blue chip stocks to get dividends of $60k pa (4% dividend yield) and we will also get the CPF retirement account payout of $28k pa. In total we will have passive income of $88k pa or $7.3k pm. This should be enough as we just need to pay for food, utilities and public transport. We will also go for short holidays.

I plan to retire next year when I hit 50. After working for more than 25 years as a senior corporate executive in a huge MNC, I feel it is time for me to retire. I have paid off the mortgage to my 3 bedroom condo in a prime district, debt free and I have a multi million investment portfolio (built over many years using my big bonuses) which gives me good passive income. I plan to focus on my religion, health, family, doing social work and growing my portfolio. Time to reflect and smell the roses.

Wife is now 45, I'm 40. Our total income is $205k pa. We own a condo, where we are staying at, worth $1.6m. Still servicing mortgage. We also own a car, still servicing car loan. Our CPF and cash, $400k.

I sold my overpriced landed property last year at the peak of the market and made a lot of money. I sold at more than double the cost price. Then I bought a new and undervalued condo which has new and clean facilities. I paid for the condo in full and have extra cash to invest.

My family income is now $140k pa and we save about $40k pa. When we retire, we will sell our big condo to buy a studio condo and invest the cash balance. So in total, we will get passive income that will cover our retirement expenses. We will get a condo next to an MRT station so that we can travel easily without owning a car.

45, retired, earning passive income of $100k pa.
Wife, 40, earning $120k pa.
Condo paid up. Car paid up. Debt free.
Now spends a lot of time in the gym n pool.
Hope to do a marathon next year.
Feels healthier, younger, more energetic, happier.
Don't drink, don't smoke, don't gamble.

Couple in late 40s, $210k pa. Expenses, $170k pa. Savings, $40k pa.
High expenses due to servicing condo mortgage, servicing conti car loan, supporting parents, supporting children, family holidays, etc.
Our assets are our condo, car, CPF, cash.
We lead a luxury middle income lifestyle.
For retirement at 65, we will downgrade to a cheap HDB flat and get cash.
Also will get monthly from CPF retirement account.

Seems like all the people is planning to cash out on their houses when they reach 55 or so for a comfortable retirement.... but just wondering.... who will be there to buy over the houses at high price? Food for thought.

Originally Posted by Unregistered

Seems like all the people is planning to cash out on their houses when they reach 55 or so for a comfortable retirement.... but just wondering.... who will be there to buy over the houses at high price? Food for thought.

The buyers are the younger local professionals who are highly paid so they can buy these properties easily. Nowadays, young graduates can earn $200k pa very easily. So if these graduates marry, their family income is $400k pa. No problem buying a condo. There are also rich foreigners and PRs who are highly paid. So we must welcome these people to help us to retire.

46 & 48 grad couple, not top performers. Middle income, $170k per annum. Expenses, $140k per annum. Home is a condo, bought for $500k in 2005, now worth $1m. Total net worth, $1.5m.

Are there any grad couple in our age group earning less and has lower net worth than us?

Are we in the bottom 20% among grad couples in our age group?

Originally Posted by Unregistered

46 & 48 grad couple, not top performers. Middle income, $170k per annum. Expenses, $140k per annum. Home is a condo, bought for $500k in 2005, now worth $1m. Total net worth, $1.5m.

Are there any grad couple in our age group earning less and has lower net worth than us?

Are we in the bottom 20% among grad couples in our age group?

Do not know if you are considered bottom 20%? My wife any myself are grads late 30s, combined income 250k/annum. Home is a condo, still servicing and a HDB fully paid up. driving a conti, we consider ourselves strictly middle income