How much are you earning per annum?

Fresh grad 150k pa

Originally Posted by Unregistered

Fresh grad 150k pa

foreign talent here, $2800 per month, underpaid?

Originally Posted by Unregistered

Fresh grad 150k pa

your mother

Originally Posted by Unregistered

foreign talent here, $2800 per month, underpaid?

i thought there is a minimum salary?

Hmm why my mother? Not your mother, grandmother, father, grandfather, wife, daughter?

Originally Posted by Unregistered

your mother

Originally Posted by Unregistered

In Singapore a retiree needs $1500 pm for basic necessities, assuming HDB flat is paid up. So a retired couple needs $3000 pm or $36k pa. So if you have $360k cash and CPF Life, you can retire when you are 55 years old. If you have more cash you can retire at 45 years old.

Here’s what a retired couple needs every month

Food and groceries $1000
Utilities, mobile, wifi $300
Public transport $100
Medical insurance $600
Miscellaneous $500
Total $2500 pm or $30k pa

Thank you for the advice. I think we can retire after we collect our CPF at 55. Our expected cash would be more than $300k and our CPF Life will give us at least $4k pm combined.

Originally Posted by Unregistered

Here’s what a retired couple needs every month

Food and groceries $1000
Utilities, mobile, wifi $300
Public transport $100
Medical insurance $600
Miscellaneous $500
Total $2500 pm or $30k pa

Originally Posted by Unregistered

Thank you for the advice. I think we can retire after we collect our CPF at 55. Our expected cash would be more than $300k and our CPF Life will give us at least $4k pm combined.

Congratulations! You have achieved the Singaporean dream of early retirement (not so early though as there are high flyers who retired in their 40s).

Originally Posted by Unregistered

Congratulations! You have achieved the Singaporean dream of early retirement (not so early though as there are high flyers who retired in their 40s).

Retiring in 50s is already very good. Usually those who retired in their 40s are the super high flyers who were ex-bankers.

Originally Posted by Unregistered

Retiring in 50s is already very good. Usually those who retired in their 40s are the super high flyers who were ex-bankers.

There are professionals in their forties who were not bankers but worked in the corporate world. They did well in their investments and able to retire from their corporate jobs and pursue their own dreams. Some become entrepreneurs while others become venture capitalists and angel investors. They advise those companies they invested in. There are also those who are enlightened and no longer pursue wealth but instead seek a deeper meaning of life by volunteering their time and energy for free to help the poor and needy. These people are happy and contented. They don’t need stuff to make them happy.