How much are you earning per annum?

Originally Posted by Unregistered

You NUS Trainee right? I think just aim non-mature for now, dont be too ambitious. Must know where you stand. 2 room non-mature shld be your goal now.

Anyone got lobang? DBS branch serve those want loan one also can, my dream job. I want bto 2 rm mature estate when I reach 35..

Originally Posted by Unregistered

We plan to retire at 55. When we reach 55, we will sell our property and downgrade to a cheaper property which we will pay in full cash. We will sell our condo at $1m and then buy a HDB flat at $500k. So we will have $500k cash to spend for our retirement from age 55 to 65. When we reach 65, we have CPF Life. Our annual expenses will not be high as we will cook our meals, do our own household chores, no car and we don’t like to shop for new stuff. We have lots of clothes which can last us for a long time. We enjoy a quiet and modest living.

This is a good plan. Your condo is a good asset to monetise. Many people sell their private property and downgrade to a HDB flat to get cash to retire. Actually you don’t need $500k for 10 years. $300k is enough as you need only $30k pa for retired couple. If you cook your own meals you only need about $500 pm for groceries. No need to buy expensive food. Buy cheap but nutritious food. Transport is also cheap with public transport.

Originally Posted by Unregistered

We plan to retire at 55. When we reach 55, we will sell our property and downgrade to a cheaper property which we will pay in full cash. We will sell our condo at $1m and then buy a HDB flat at $500k. So we will have $500k cash to spend for our retirement from age 55 to 65. When we reach 65, we have CPF Life. Our annual expenses will not be high as we will cook our meals, do our own household chores, no car and we don’t like to shop for new stuff. We have lots of clothes which can last us for a long time. We enjoy a quiet and modest living.

This is a good plan. Your condo is a good asset to monetise. Many people sell their private property and downgrade to a HDB flat to get cash to retire. Actually you don’t need $500k for 10 years. $300k is enough as you need only $30k pa for retired couple. If you cook your own meals you only need about $500 pm for groceries. No need to buy expensive food. Buy cheap but nutritious food. Transport is also cheap with public transport.

Originally Posted by Unregistered

Are you at the financial security, independence, freedom or abundance level?

Currently my net worth is more than $1 mil. At 55 after I sell my paid up condo and collect my CPF, I can retire. I value early retirement. I don’t need to earn more money. I know of people who died before 65. I want to enjoy retirement as early as I can since I can afford it. I don’t need to retire in a condo. I don’t need a car. I want a simple retirement lifestyle

currently feeling defeated acknowledging the reality of singapore that is (upper) middle class or die trying

Originally Posted by Unregistered

Currently my net worth is more than $1 mil. At 55 after I sell my paid up condo and collect my CPF, I can retire. I value early retirement. I don’t need to earn more money. I know of people who died before 65. I want to enjoy retirement as early as I can since I can afford it. I don’t need to retire in a condo. I don’t need a car. I want a simple retirement lifestyle

Well done! You are enlightened!

I retired at 44 after a high flying career. Regret not retiring earlier!

Yolo

Started work late, so late 30s now and salary at S$300k p.a.

Single with no family commitments. Assets of S$1m with 50% paid up and a car which is fully paid up.

Not sure when is a good time to retire but with ever increasing living expenses, doubt it can be anytime within the next 10 years.

Originally Posted by Unregistered

Started work late, so late 30s now and salary at S$300k p.a.

Single with no family commitments. Assets of S$1m with 50% paid up and a car which is fully paid up.

Not sure when is a good time to retire but with ever increasing living expenses, doubt it can be anytime within the next 10 years.

Industry and function?

I feel blessed

Job: Staff Software Engineer at a tech company
TC: 240K (mostly due to stock appreciation)
My tax is gonna blow up next year.

Originally Posted by Unregistered

Currently my net worth is more than $1 mil. At 55 after I sell my paid up condo and collect my CPF, I can retire. I value early retirement. I don’t need to earn more money. I know of people who died before 65. I want to enjoy retirement as early as I can since I can afford it. I don’t need to retire in a condo. I don’t need a car. I want a simple retirement lifestyle

Thinking about semi-retiring in 5 years. Now 38 in high pressure work environment. Just aiming to go for contract position or simple jobs with lesser responsibilities earning 1.5 to 2K good enough. Even ok with those temperature taking assistant kind of job.