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lazyplane

12-04-2021 10:52 AM

Retirement Amount - SCMP Artcile

Hi,

Just wondering how many of us will agree with this retirement projection for Singapore ?

S$4m . But with this forum - i think everyone will say this is low ! ha ha

https://www.scmp.com/business/articl...ly-london-data

Unregistered

12-04-2021 07:34 PM

Quote:

Originally Posted by lazyplane (Post 165129)

Hi,

Just wondering how many of us will agree with this retirement projection for Singapore ?

S$4m . But with this forum - i think everyone will say this is low ! ha ha

[s://.scmp.com/business/article/3128400/financial-freedom-costs-us4-million-hong-kong-second-only-london-data[/

It is unattainable. Even with your fancy VP title, it is almost impossible to accumulate those amount unless you earn at least 20k pm or you are lucky with your investment.

Unregistered

13-04-2021 10:24 PM

You dont need two cars and a fancy house to retire. You need to determine what you wanna do when you retire. Fat FIRE, Coasting FIRE, or lean FIRE. I think 2 million in investments will be enough to retire

Unregistered

17-04-2021 12:00 AM

is that for a couple or a individual

lazyplane

19-04-2021 09:14 AM

Quote:

Originally Posted by Unregistered (Post 165757)

is that for a couple or a individual

Most likely couple cos they mentioned 2 cars.

I was thinking everyone in the forum will say this is so easy to achieve !

HA HA

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