How much are you earning per annum?

31/M
Investment banking in bulge
220k/annum

^ not bad...

Originally Posted by Unregistered

We should be able to retire after collecting our CPF at 55 years old.
We are now debt free as our condominium unit and car are paid in full.
In our retirement we hope to travel to more countries during non peak seasons.
We are just average performers in our career.
We may retire at 56 or 58 years old.

Looks like you are doing well. Not many people live in private properties. Only about 20%. Since you are debt free, you can retire earlier than 55. If you are 50 years old, this is a good age to retire if you are financially successful. Well done!

Principal engineer at faang. 420k per annum. 33 years old from local u.

Fresh grad in tech, just completed 1st year of work

84k annual comp. Still in disbelief because I work for a GLC and back in uni people were saying all kind of things about GLC salary

Originally Posted by Unregistered

Fresh grad in tech, just completed 1st year of work

84k annual comp. Still in disbelief because I work for a GLC and back in uni people were saying all kind of things about GLC salary

Never listen to retards who have never worked a day in their life. They're full of ********. The same goes for non-tech workers.

Do your own research and follow your own plan.

Originally Posted by Unregistered

Fresh grad in tech, just completed 1st year of work

84k annual comp. Still in disbelief because I work for a GLC and back in uni people were saying all kind of things about GLC salary

lemme guess issit Singtel?

Originally Posted by Unregistered

Fresh grad in tech, just completed 1st year of work

84k annual comp. Still in disbelief because I work for a GLC and back in uni people were saying all kind of things about GLC salary

Disbelief that it's so low?

Originally Posted by Unregistered

Disbelief that it's so low?

Ya lo. Now Fresh Grad market rate is 8k/month base (96k annual) with 3-6 months bonus leh. Go talk to your line manager and HR, you got undercut severely; don't get exploited!

My spouse and I have the option to retire now if we monetise our private property. We are in our early 50s and are debt free.

We can sell our fully paid condo and downgrade to a HDB flat and get $500k cash. On top of that we will also collect $200k cash from our CPF OA at 55. All this will be more than sufficient for our retirement expenses until 65.

When we reach 65, our CPF Life will provide us a combined $60k pa of passive income. Most likely we will only spend $40k pa and can still save $20k pa.

We are seriously thinking about retiring now to relax and pursue other interests. To retire at 65 is too old.