How much are you earning per annum?

Originally Posted by Unregistered

My annual pay is about S$125k now. Used to be max S$150k. And I work as a GP Dr. Lower than most Drs my age because I didn't specialise and I work fewer hrs.

But my networth is greatly increased by our property investments through the years.

are you an anchor or a locum as 125 is quite low for a GP. Part time?

Originally Posted by Unregistered

are you an anchor or a locum as 125 is quite low for a GP. Part time?

Yes, doing parttime GP work now. Used to earn that as parttime locum too.

Originally Posted by Unregistered

Yes, doing parttime GP work now. Used to earn that as parttime locum too.

Care to share hours per week?
That is actually really good for part time , are u workinb regular shifts

Originally Posted by Unregistered

Care to share hours per week?
That is actually really good for part time , are u workinb regular shifts

Regular hrs as a locum. That was a few years ago at about S$85-90 an hr or 28 hrs a week.

Originally Posted by Unregistered

Regular hrs as a locum. That was a few years ago at about S$85-90 an hr or 28 hrs a week.

Now locum rates have generally gone up to S$100-$160 per hr. Thanks to the Covid pandemic.

27F in the finance industry, trying very hard to break into the 150k/annum zone, stuck at the 120k/annum for 1 year already.

Originally Posted by Unregistered

27F in the finance industry, trying very hard to break into the 150k/annum zone, stuck at the 120k/annum for 1 year already.

120k under 30 is pretty good

dont be delusional and read the BS posts on here, biggest mistake u can do is compare urself to sinkie nerds chasing paper thinking it'll change anything

Married couple in our 50s. Combined household income $180k pa. No debt. I think we have to work until 60 years old before retiring. We have savings (cash and CPF) to sustain us for 5 years from age 60 to 65.

Our retirement income will be from our CPF Life and our children’s monthly contributions. Hopefully we can get $4k pm ($48k pa) in total. If this is not enough we will rent out one spare room for $1k pm. Total passive income can be at least $5k pm ($60k pa). Our retirement expenses will be less than $4k pm.

Originally Posted by Unregistered

Married couple in our 50s. Combined household income $180k pa. No debt. I think we have to work until 60 years old before retiring. We have savings (cash and CPF) to sustain us for 5 years from age 60 to 65.

Our retirement income will be from our CPF Life and our children’s monthly contributions. Hopefully we can get $4k pm ($48k pa) in total. If this is not enough we will rent out one spare room for $1k pm. Total passive income can be at least $5k pm ($60k pa). Our retirement expenses will be less than $4k pm.

You and spouse are doing very well. The median household income is about $121k pa. So you are above median. Congrats! If you can retire at 60, this is considered very good.

My wife and I can retire at 55. We can sell our condo for $1.3 mil and buy a $500k four-room HDB flat, fully paid. We will then have excess $800k cash.

We can spend $5k pm ($60k pa) over 10 years from our age 55 to 65. We will still have remaining $200k cash at 65.

Our CPF Life and our dividends can give us $6k pm ($72k pa) from age 65 onwards. We look forward to our retirement at age 55. This is not early retirement as many people who are successful (especially bankers and lawyers) retire in their 40s.

We will leave behind our flat, savings and stocks when we die. Our children can spend these as they wish, travel the world, save or invest. They are well educated (we have invested our time and money bringing them up well) and should have good jobs with high salaries. They don’t need our money.