How much are you earning per annum?

Originally Posted by Unregistered

I know how you feel as I am also recently retired. The euphoria of sleeping and waking up late and not having to rush to work has all but disappeared. Now things are starting to get boring.

Besides missing seeing the monthly salary credited into my bank account, I also missed looking forward to holidays and weekends. Now everyday is the same. Holiday or not is the same. Last week, I had a little fever which didn't go away after self medicating with Panadol and resting. So after consulting the doctor, out of habit, I asked for the receipt only to remember that I cannot claim from my company anymore :-(

I am now fully responsible to plan what I was to do each day, instead of my boss. Admittedly many of my plans, planned the night before, were either changed or totally abandoned. There is no push anymore to get them done. No more worries about getting bad assessment from my "boss". I am now my own assessor.

I don't "watch" TV these days, instead I surfed Tv channels, not focusing on anything in particular, a bit aimless.

I tried to exercise more, but the body is ageing and can only take so much. I called my buddies for tennis, but they are busy working and can only play on weekends.

What to do now?

Do you have to worry about expenses each day?
If you know you are already well prepared financially, taking into consideration about how much you can afford to spend each year, and still able to sustain throughout your life time without bothering your children, then just go for what ever you wanted to do.

I have retired 3 years ago at age 57. My passive income is 120% of my last active income. I spend only 80% every year, that actually already more than 100% of my last active income.

I am now enjoying travelling all over the places with my wife, from Iceland to Antarctica, from Grand Pyramid to Grand Canyon, from Winter Palace of Catherine the Great to Forbidden City, from Swiss Alps to Jiuzhaigou, from mountains to islands. Plan for more China travel while still having able body.

While at home, just look for some kaki to enjoy high end puerh tea, enjoy some classical chinese music, take small allocation to get thrill in stock market.

We have striven throughout our working life. It is now time to leave to the younger generation to prove they are more capable than their elders.

We should not worry about the young fella. They are more intelligent and more sophisticated than we do. Just relax and be happy always.

Mid 50s retired couple.
Passive income $80k pa.
Expenses $50k pa.
Savings $30k pa.
4 bedroom private condo, 3 years old, paid up.
No car. No maid.
Children working overseas.
We are busy with our retirement.
So many things to do.

High-Low income couple, 78 & 18 yo, makes $10 pa combined. We save $1 pa.

Our expense items are home rental, MRT transport and expenses, household expenses, parental allowance, self improvement expenses, holidays once a year to Malaysia, eating home cook, taxes, insurance, etc.

Other assets (stocks, cash, CPF) 5 cents in total. Total net worth $1.20.

Do you think we are managing our finances well?

We want to retire in tomorrow. Possible?

I suppose you are 18 yrs old guy and your wife is 78 yrs old?

Originally Posted by BS King

High-Low income couple, 78 & 18 yo, makes $10 pa combined. We save $1 pa.

Our expense items are home rental, MRT transport and expenses, household expenses, parental allowance, self improvement expenses, holidays once a year to Malaysia, eating home cook, taxes, insurance, etc.

Other assets (stocks, cash, CPF) 5 cents in total. Total net worth $1.20.

Do you think we are managing our finances well?

We want to retire in tomorrow. Possible?

Middle income couple, 47 & 45 yo, makes $184k pa combined. We save $45k pa.

Our expense items are home mortgage, car instalment and expenses, household expenses, parental allowance, children's expenses, holidays twice a year, eating out, taxes, insurance, etc.

Home is a condo bought in 2013 for $1.1m with outstanding mortgage of $300k left.

Other assets (stocks, cash, CPF) $500k in total. Total net worth $1.3m.

Do you think we are managing our finances well?

We want to retire in 10 years time. Possible?

Low income couple, 25 & 25 yo, makes $54k pa combined. We save $5k pa.

Our expense items are home rental, MRT transport and expenses, household expenses, parental allowance, self improvement expenses, holidays once a year to Malaysia, eating home cook, taxes, insurance, etc.

Other assets (stocks, cash, CPF) $10k in total. Total net worth $10k.

Do you think we are managing our finances well?

We want to retire in 40 years time. Possible?

Property paid up. Children's education taken care. No debt. Net worth $2m. We plan to retire at 55. Now we are 48 & 49 years old.

Property paid up. New car paid up. Children's education taken care. No debt. Net worth $2.5m. We plan to retire at 50. Now we are 44 & 45 years old.

Originally Posted by Unregistered

Property paid up. New car paid up. Children's education taken care. No debt. Net worth $2.5m. We plan to retire at 50. Now we are 44 & 45 years old.

just incurred some "debt" after my se called to announce successful bids for 2 cars. thankfully cat b wasn't too expensive. guess retirement will have to be pushed back by 1 year now.

Like my job. Pays quite well and stress manageable.

Me & wife saves 160k (cash +cpf) and 24k passive income. Net worth 1.8million.
42 & 43.

Intend to work till 65.... Should reach net worth of $5million...