How much are you earning per annum?

Congrats on achieving the Singapore Dream. You manage to own a condo and own a car. Your income is also quite high compared to the median income of $7800. You have made it.

Originally Posted by Unregistered

Married professional couple, 40/41, makes a combined income of $220k pa. Expenses, $180k pa. Expenses include condo mortgage, car loan payments, car petrol, tax, insurance and maintenance, groceries, utilities, life and health insurance, parents allowances, fine dining, luxury goods purchases, top end childcare and tuition for kids, maid levy and salary, luxury holidays twice a year, income taxes, etc.

We lead a high class lifestyle. We hope to enjoy our high class lifestyle as long as we can while we are still young and energetic. When we retire at 65, we will lead a simpler life without no maid, car, etc. By then our kids would have been married and staying on their own. We will downgrade to a small studio condo and live off our savings and cpf life during our retirement.

Am 46, wife 37... Half a million annual income. Stay in fully paid 1600 sq ft old apartment off Orchard and have lands in Bali . Small car, C class. Good restaurants, frequent travel to Europe plus occassion purchase of watches, not ex, around 10k each. Reasonably happy with life. Quite typical among my middle class freinds.

Originally Posted by Simple Middle Class

Am 46, wife 37... Half a million annual income. Stay in fully paid 1600 sq ft old apartment off Orchard and have lands in Bali . Small car, C class. Good restaurants, frequent travel to Europe plus occassion purchase of watches, not ex, around 10k each. Reasonably happy with life. Quite typical among my middle class freinds.

The above is the real Singapore Dream, good example.


The below is a middle income fellow with an inflated ego and story teller.


"Originally Posted by Unregistered View Post
Married professional couple, 40/41, makes a combined income of $220k pa. Expenses, $180k pa. Expenses include condo mortgage, car loan payments, car petrol, tax, insurance and maintenance, groceries, utilities, life and health insurance, parents allowances, fine dining, luxury goods purchases, top end childcare and tuition for kids, maid levy and salary, luxury holidays twice a year, income taxes, etc.

We lead a high class lifestyle. We hope to enjoy our high class lifestyle as long as we can while we are still young and energetic. When we retire at 65, we will lead a simpler life without no maid, car, etc. By then our kids would have been married and staying on their own. We will downgrade to a small studio condo and live off our savings and cpf life during our retirement. "

55 & 56 years old retired couple, owns 3 condos (one for stay and two for investment), all fully paid up (all bought at dirt cheap prices during crises). Owns a stocks portfolio too. Earns passive income from rental and stocks dividends, $150k pa. Expenses, $60k pa. Debt free.

We are happy with our achievement since we came from low income families. Diligence, hard work and intelligence made us what we are today. Even though we are not billionaires, we are happy to be millionaires.

Mid-30s couple. 500k annual income (including investment income). Stays in hdb, >1m investment portfolio. Annual savings 400k. Target 250k passive income from investment portfolio in 5 years and consider semi-retiring.

Congratulations, you have made it halfway to retirement. life is good, and all thanks to the government for their sound policies, so that normal folks can enjoy a decent income. Credit has to go to the government for quality and affordable public housing.

48 single income, 240k/yr
Condo worth 1.8m, loan 600k
Cash, CPF, stock 1.3m
Net worth 2.5m
Expenses 120k/yr
Dividends 60k/yr
Savings 180k/yr

Retirement plan
55
Condo 1.8m, fully paid
Cash, CPF, stock 2m
Net worth 3.8m
Expenses 90k/yr
Dividends 90k/yr

Assumptions
- condo price remains the same, actually doesn't matter as no plan to sell and downgrade
- dividends about 4.5%
- job stability with about 4-5% increment to grow net worth from 2.5 to 4m, this is critical to the entire plan

Is this realistic and achievable? Hope to hear from gurus here.

sole bread winner, 45, $130k pa. owns a freeehold landed house, now worth $3m, paid up. bought during the SARs crisis at a fire sale price. other assets are cash, cpf savings and stocks.

retirement plan at 55 is to downgrade to a lower end cheap condo with a budget of $2m. will get cash balance of $1m. in addition to current cash savings, will have $2m to invest in 5% dividend conservative blue chip stocks. will get $100k pa in passive dividend income. expenses estimated $50k pa.

Originally Posted by Unregistered

sole bread winner, 45, $130k pa. owns a freeehold landed house, now worth $3m, paid up. bought during the SARs crisis at a fire sale price. other assets are cash, cpf savings and stocks.

retirement plan at 55 is to downgrade to a lower end cheap condo with a budget of $2m. will get cash balance of $1m. in addition to current cash savings, will have $2m to invest in 5% dividend conservative blue chip stocks. will get $100k pa in passive dividend income. expenses estimated $50k pa.

Something not right here...maybe bs king?

Married. 41/39.
Annual income about 200k.
Live in rented flat. -30k pa
Own apt, rented out for 80k pa. Not sure of current value. Bought 1.85 mil (Outstanding loan 1.2 m)
No car loans.
Not much savings - 200k.
CPF - also not much. maybe 50k in O.A.