How much are you earning per annum?

#**12631** (**permalink**) 15-09-2021, 12:00 PM

Quote:

Originally Posted by Unregistered

You believe meh? Most i would say 99% are big cannon fairy

I believe.

Because this forum draws the high fliers here to begin with.

You anyhow throw a rock also will hit a first class honors graduate here.

#**12632** (**permalink**) 15-09-2021, 02:43 PM

Quote:

Originally Posted by Unregistered

I am retiring next year. Settled all my debt. Living in a small apartment. Getting rid of the car since I don’t need it during retirement. My annual retirement expenses will be about $20k pa. I’m in my mid fifties. My cash savings of $300k will fund my retirement until 65. At 65, my CPF Life will fund my retirement for the rest of my life.

I retired in my 40s and never looked back. Best decision in my life. How did I do it? First, I was a high flyer earning good money. I used my bonuses to invest and did quite well. I also decided to downgrade my home to live a simpler life. Instead of buying brand new cars, I bought a used continental car paid in full cash. So I am now living a very modest life in a condo and driving a used continental.

So the decision to retire depends on your desired retirement lifestyle. If you desire to retire in a GCB and owning multiple sports cars, then you may not ever retire. If you are happy retiring simply, living in a condo and driving a used car, then you can retire easily in Singapore. Anyway, all the best.

#**12633** (**permalink**) 15-09-2021, 02:50 PM

Quote:

Originally Posted by Unregistered

I am retiring next year. Settled all my debt. Living in a small apartment. Getting rid of the car since I don’t need it during retirement. My annual retirement expenses will be about $20k pa. I’m in my mid fifties. My cash savings of $300k will fund my retirement until 65. At 65, my CPF Life will fund my retirement for the rest of my life.

I retired in my 40s. Now living a modest retirement lifestyle. Living in a condo and driving a used continental car. No debt. If I desire to retire in a GCB and driving sports cars, I will never retire. So we have to make our own life decisions. I made mine and happy with it.