How much are you earning per annum?

We are both 53 yo, planning to retire at 55.
When we reach 55, we will get our CPF ($200k). We will also put money in CPF Life Enhanced Retirement Sum. We also have other sources of passive income. In total our passive income $70k pa from 65 yo onwards.

To fund our retirement from 55 yo to 65 yo, we need cash. We can sell our condo for $1.1 mil and buy a 4 room HDB flat ($500k), which will give us a net cash of $600k. Our CPF $200k. So we have cash $800k. We will need about $400k for the ten years ($40k pa).

Looking forward to retiring at 55. There is no need to work until 65 to 70 yo. Some people die in their 50s and 60s. There’s no guarantee we won’t be one of them. Work so hard and never get to enjoy retirement. So sad.

When we die we will leave behind for our children our HDB flat, cash, stocks and life insurance payout.

Originally Posted by Unregistered

damn, all these people can probably retire early. I'm 29F, only drawing 150k/annum, private grad. That's like below average here.

Want stead?

Originally Posted by Unregistered

Want stead?

comeeeeeeeeeeeeeeeeeeeeeeeeee

Originally Posted by Unregistered

We are both 53 yo, planning to retire at 55.
When we reach 55, we will get our CPF ($200k). We will also put money in CPF Life Enhanced Retirement Sum. We also have other sources of passive income. In total our passive income $70k pa from 65 yo onwards.

To fund our retirement from 55 yo to 65 yo, we need cash. We can sell our condo for $1.1 mil and buy a 4 room HDB flat ($500k), which will give us a net cash of $600k. Our CPF $200k. So we have cash $800k. We will need about $400k for the ten years ($40k pa).

Looking forward to retiring at 55. There is no need to work until 65 to 70 yo. Some people die in their 50s and 60s. There’s no guarantee we won’t be one of them. Work so hard and never get to enjoy retirement. So sad.

When we die we will leave behind for our children our HDB flat, cash, stocks and life insurance payout.

Excellent retirement plan. Do travel the world during off peak seasons. Since you’re retired you can do this. Retirement can be enjoyable if you’re healthy. No point earning millions and then got sick by the time you retire. We don’t need to leave behind millions to our children as they should earn their own wealth.

How much does a retiree need per month assuming no debt?


Food ($20 x 30) = $600
Utilities $150
Public transport $50
Medical insurance and fees $400
Groceries $400
Misc $400
Total $2000

This can be financed by CPF Life. So no need to have a million dollars in the bank to retire.

i'm 43 earn 130k per annum

Originally Posted by Unregistered

i'm 43 earn 130k per annum

That’s a lot. Do you own and live in a condo?

Originally Posted by Unregistered

How much does a retiree need per month assuming no debt?


Food ($20 x 30) = $600
Utilities $150
Public transport $50
Medical insurance and fees $400
Groceries $400
Misc $400
Total $2000

This can be financed by CPF Life. So no need to have a million dollars in the bank to retire.

$1500 pm is actually sufficient

Originally Posted by Unregistered

That’s a lot. Do you own and live in a condo?

hdb 3 room

Originally Posted by Unregistered

comeeeeeeeeeeeeeeeeeeeeeeeeee

I am serious please.