Retirement Amount - SCMP Artcile

[lazyplane]

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

Originally Posted by lazyplane

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.

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

is that for a couple or a individual

[lazyplane]

Originally Posted by Unregistered

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