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What is the least amount of money you will be comfortable retiring with?

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Old 11-04-2011, 06:20 AM
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Default What is the least amount of money you will be comfortable retiring with?

Don't think this has been asked before. I consider nest egg as all investments incl CPF but excluding value of residence.

For me I'd love to reach 2m or 3m but I think a minimum of 1m will be ok.

Also - how much do u think u will spend in a month on expenses after retirement? For me I think around 2.5k a mth, so annual withdrawal rate will be 3% which I think is safe enough.

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Old 11-04-2011, 09:20 AM
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Originally Posted by andyv View Post
Don't think this has been asked before. I consider nest egg as all investments incl CPF but excluding value of residence.

For me I'd love to reach 2m or 3m but I think a minimum of 1m will be ok.

Also - how much do u think u will spend in a month on expenses after retirement? For me I think around 2.5k a mth, so annual withdrawal rate will be 3% which I think is safe enough.
I have about 1m not counting CPF. But it's quite hard to generate a consistent income monthly. 10m will be easier - I can buy a couple condos and collect a few k rent per month for my spending.

Bottom-line: it's never enough! Cheers.

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Old 12-04-2011, 07:26 AM
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I have 10m+ in assets and am still working. I have financial assets of 5m, generating about $240K in passive income. I spend about $250K yearly so its not really enough if I want some savings to stave off inflation. Am thinking of renting out my current landed residence, which I estimate can bring me about $150-$180K per year. Altogether that's $35K per month, which should be comfortable and I can do some travelling in retirement.

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Old 24-04-2011, 07:36 PM
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How much to retire is a simple question but with many answers.

In a very simplified model, the amount is inversely proportional to your age at retirement. The younger you want to retire, the more you will need.

There are various retirement fund "calculators" available in sites such as CPF and NTUC Income. The calculators consider rate of inflation, your age, life expectancy and monthly drawdown amount. The problem with such models is that they are based on drawdown - meaning that you continuously drawdown on your savings till the funds go to zero. Hopefully that's when you kick the bucket.

For me, my retirement model is to have a core savings amount to generate passive income sufficient to fund a simple but comfy lifestyle. In my own model, that would mean a core savings of $3M. I am targeting a monthly passive income of $5 - 6K. In theory, such a model allows me to pass the core savings of the $3M to the next generation, barring unforeseen medical emergencies.
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Old 24-04-2011, 09:08 PM
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Originally Posted by Burn rate View Post
How much to retire is a simple question but with many answers.

In a very simplified model, the amount is inversely proportional to your age at retirement. The younger you want to retire, the more you will need.

There are various retirement fund "calculators" available in sites such as CPF and NTUC Income. The calculators consider rate of inflation, your age, life expectancy and monthly drawdown amount. The problem with such models is that they are based on drawdown - meaning that you continuously drawdown on your savings till the funds go to zero. Hopefully that's when you kick the bucket.

For me, my retirement model is to have a core savings amount to generate passive income sufficient to fund a simple but comfy lifestyle. In my own model, that would mean a core savings of $3M. I am targeting a monthly passive income of $5 - 6K. In theory, such a model allows me to pass the core savings of the $3M to the next generation, barring unforeseen medical emergencies.

Aiming for 2% to 2.4% return only?
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Old 27-04-2011, 01:07 PM
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In theory, such a model allows me to pass the core savings of the $3M to the next generation, barring unforeseen medical emergencies.
My advice is not to pass so much to the next generation. It spoils them and they will not learn to struggle to achieve their potential. In the end it ruins them. I think if you pass each child $100-200K in today's money, it should be well enough. Spend the rest on yourself or charity.
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Old 18-06-2011, 07:05 PM
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hoping to retire with passive income.
Therefore, unlimited!
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Old 23-06-2011, 03:59 PM
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about a billion dollar maybe,haha.. pretty much wishful thinking..
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Old 12-07-2011, 01:54 AM
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800k is enough.

300k fully pay 3rm hdb flat and rent it out for 2k. buy a high class condo in klcc area for 300k. invest 200k in sph stocks. rental pkus dividend yields about s$2k in todays money and can sustain a comfy lifestyle in kl, staying in a luxurious kl condo near klcc.
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Old 27-07-2011, 12:04 PM
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If retire at 50 , 2.5 M cash, debt free, 5% return 10Kpm
If retire at 55 , 2 M Cash , debt Free, 5% return 8Kpm
If Retire at 60 , 1 M cash, debt free , 5% return 4Kpm supplement by decreasing the 1 M
base money. ( assuming 25years = additional 3.3K pM)
Balance cash for future generation

The longer I hold off retirement, the less I need...


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