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Retirement Amount - SCMP Artcile

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Old 12-04-2021, 10:52 AM
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Default 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

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Old 12-04-2021, 07:34 PM
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Quote:
Originally Posted by lazyplane View Post
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.

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Old 13-04-2021, 10:24 PM
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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

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Old 17-04-2021, 12:00 AM
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is that for a couple or a individual
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Old 19-04-2021, 09:14 AM
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Quote:
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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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