How much are you earning per annum?

Lucky that we bought our condo ten years ago. In line with our good economic growth and prudent policies, our condo asset appreciated in value gradually. We are happy that there are many cooling measures or else we will have a bubble and when it burst, prices will collapse. Now we are debt free.

We are in our mid forties and earning a total income of $200k pa and we save $50k pa. We plan to retire at 55. Our savings will increase by another $500k and we can collect our CPF OA since our CPF SA has reached the min sum. At 65, we will be able to get our CPF Life.

Congratulations on being debt free and owning a paid up condo. Not many people your age own their condo outright. You are on the right track of retiring at 55. Once you retire, keep yourself busy. Here are some activities you can do:

1. Do lots of reading. Catch up on the latest scientific research.
2. Do lots of exercising in the gym. Regain the 6 pack abs you lost many years ago.
3. Do lots of swimming in your condo pool.
4. Play tennis at your condo tennis court.
5. Travel the world.
6. Do voluntary work at charities. You can sit in Organising committees.
7. Learn to cook your favourite dishes.
8. Learn to trade the stock market. You can make lots if you are good.
9. Spend a lot of time with your children, old parents and other family members.
10. Take up new hobbies.

Most important of all, don't be a boring person. Enjoy your retirement.

Originally Posted by Unregistered

Lucky that we bought our condo ten years ago. In line with our good economic growth and prudent policies, our condo asset appreciated in value gradually. We are happy that there are many cooling measures or else we will have a bubble and when it burst, prices will collapse. Now we are debt free.

We are in our mid forties and earning a total income of $200k pa and we save $50k pa. We plan to retire at 55. Our savings will increase by another $500k and we can collect our CPF OA since our CPF SA has reached the min sum. At 65, we will be able to get our CPF Life.

Thanks for sharing the list of activities during retirement. Didn't know we can do so much. One thing we always wanted to do is to do back packing in Europe for a few months. We hope to do that before we grow old and weak. You are right, as long as we are not boring people, there are many things we can do during retirement. People who go back to work after a few months of retiring are usually the boring type of people, even though they are rich.

Originally Posted by Unregistered

Congratulations on being debt free and owning a paid up condo. Not many people your age own their condo outright. You are on the right track of retiring at 55. Once you retire, keep yourself busy. Here are some activities you can do:

1. Do lots of reading. Catch up on the latest scientific research.
2. Do lots of exercising in the gym. Regain the 6 pack abs you lost many years ago.
3. Do lots of swimming in your condo pool.
4. Play tennis at your condo tennis court.
5. Travel the world.
6. Do voluntary work at charities. You can sit in Organising committees.
7. Learn to cook your favourite dishes.
8. Learn to trade the stock market. You can make lots if you are good.
9. Spend a lot of time with your children, old parents and other family members.
10. Take up new hobbies.

Most important of all, don't be a boring person. Enjoy your retirement.

We can do all the things listed below without having to retire. We play tennis every weekend, and believe me there is only so much tennis your body can take. At 55, your spirit may be willing, your body is not. Your knees can only take so much punishment. It used to be that we can recover from a punishing game within a day or two. Now it is taking a week!

Swimming, yes, you can do that more often like we did every other morning. Even then we take it slow. This we do before we go off to work.

Spend time with children/spouse? Spouse working and children are grown up. They have their own lives to lead. Spending quality time together is way better than better spending too much time with them.

Many retirees found to their chargrin that the list of activities/hobbies that they planned to do in their retirement were either completed within 1 year of their retirement or they totally abandoned them as they neither have the passion nor the discipline to follow through.

I have tried "retired" life, and I concluded that working at a slower pace is better than full retirement. I seldom consume my annual leave and one time I decided to clear them all at once. The initial few days were good, not having to wake early and no care about the time. But after the first week, tremendous boredom set in. After seeing my wife off to work and children off, you are suddenly staring at an empty house. Friends are all at work too.

When working, besides earning money, you keep yourself busy during the weekdays, and you look forward to weekends. Public holidays are special and you appreciate them more. When retired, every day is the same.

In my job, I get to travel for business meetings so I don't exactly hunger for traveling.

I haven't quite found the one thing that will make me look forward to retirement, to having more "me" time to spend on doing the thing that I like.

It is important to have something meaningful to do otherwise your mind will dull rapidly. Don't want to spend my time in shopping malls or libraries just to wait for the day to turn to night. Isn't that frightful?

Originally Posted by Unregistered

Congratulations on being debt free and owning a paid up condo. Not many people your age own their condo outright. You are on the right track of retiring at 55. Once you retire, keep yourself busy. Here are some activities you can do:

1. Do lots of reading. Catch up on the latest scientific research.
2. Do lots of exercising in the gym. Regain the 6 pack abs you lost many years ago.
3. Do lots of swimming in your condo pool.
4. Play tennis at your condo tennis court.
5. Travel the world.
6. Do voluntary work at charities. You can sit in Organising committees.
7. Learn to cook your favourite dishes.
8. Learn to trade the stock market. You can make lots if you are good.
9. Spend a lot of time with your children, old parents and other family members.
10. Take up new hobbies.

Most important of all, don't be a boring person. Enjoy your retirement.

Back packing in Europe for 4 - 6 months sounds fun! You surely can't do this if you're not fully retired. You can't do this if you're 65 years or older, you won't have the energy and stamina. There are many successful professionals, esp ex-bankers, who retired in their 40s or early 50s to enjoy their hard earned fortune. They can live in many parts of the world for long periods. Imagine staying 3 months in US, 1 month in Canada, 1 month in Australia, 1 month in NZ, 6 months in Europe ....

Originally Posted by Unregistered

Thanks for sharing the list of activities during retirement. Didn't know we can do so much. One thing we always wanted to do is to do back packing in Europe for a few months. We hope to do that before we grow old and weak. You are right, as long as we are not boring people, there are many things we can do during retirement. People who go back to work after a few months of retiring are usually the boring type of people, even though they are rich.

How true. If you're fully retired now, you can stay in Europe now for 3 months to get away from the haze.

Originally Posted by Unregistered

Back packing in Europe for 4 - 6 months sounds fun! You surely can't do this if you're not fully retired. You can't do this if you're 65 years or older, you won't have the energy and stamina. There are many successful professionals, esp ex-bankers, who retired in their 40s or early 50s to enjoy their hard earned fortune. They can live in many parts of the world for long periods. Imagine staying 3 months in US, 1 month in Canada, 1 month in Australia, 1 month in NZ, 6 months in Europe ....

Originally Posted by Unregistered

Lucky that we bought our condo ten years ago. In line with our good economic growth and prudent policies, our condo asset appreciated in value gradually. We are happy that there are many cooling measures or else we will have a bubble and when it burst, prices will collapse. Now we are debt free.

We are in our mid forties and earning a total income of $200k pa and we save $50k pa. We plan to retire at 55. Our savings will increase by another $500k and we can collect our CPF OA since our CPF SA has reached the min sum. At 65, we will be able to get our CPF Life.

My situation is similar.
I bought my condo during Sars. Paid $600k only at AMK. Fully paid now doubled.
Paid up 2lit new car this year.
Both of us are in mid 40: last year filed income $400k
We have 2 kids in lower secondary
Cash and stocks $0.75 M, CPF $0.4 M
Thinking of quiting one of our job to look after kid to make sure they are successful in life next time.
Hope to get some quality life back. It's so stressful to get where we are now

30/m/Single
135k per Annum
IT Field


How am I doing?

Originally Posted by Unregistered

My situation is similar.
I bought my condo during Sars. Paid $600k only at AMK. Fully paid now doubled.
Paid up 2lit new car this year.
Both of us are in mid 40: last year filed income $400k
We have 2 kids in lower secondary
Cash and stocks $0.75 M, CPF $0.4 M
Thinking of quiting one of our job to look after kid to make sure they are successful in life next time.
Hope to get some quality life back. It's so stressful to get where we are now

Your wife can surely quit. You still earn $200k pa even if she quits. Focus on bringing up your kids to make sure they get into top JCs and don't mix with the wrong company. Teenage kids should not be neglected. Spend lots of time with them.

Originally Posted by Unregistered

My situation is similar.
I bought my condo during Sars. Paid $600k only at AMK. Fully paid now doubled.
Paid up 2lit new car this year.
Both of us are in mid 40: last year filed income $400k
We have 2 kids in lower secondary
Cash and stocks $0.75 M, CPF $0.4 M
Thinking of quiting one of our job to look after kid to make sure they are successful in life next time.
Hope to get some quality life back. It's so stressful to get where we are now

Stay in G8?

Nice place. Which block?