Whats your net worth

Thanks. I wish the best too in achieving your desired retirement lifestyle.

Originally Posted by Unregistered

I am happy for both of you that you are enjoying your retirement at 55. It is a good time to enjoy the fruits of your labour.

Yes, I am aware that we could live reasonably well with $100k pa in retirement. We still got a few years to 55, and our current living expense is around $120k - $140k pa as we have 2 cars and still paying off the mortgage of our second property and children still in the uni. Our 2 properties are next to MRT stations also.

The $150k pa passive income target we set ourselves include some buffer to take account of inflation over the longer term. Our envisaged lifestyle in retirement:-

1. Age in place (ie we hope to continue staying where we are as we are very comfortable with the neighbourhood)
2. Have a car to move around in comfort
3. Continue to travel at least once a year
4. Attend concerts and live performances
5. Dining out occasionally
6. Continue to engage in our respective hobbies (eg tennis, golf and investing)
7. Able to contribute to charitable causes

We foresee this phase to last a good 10-15 years (from 55 - 70 yo) before we tone down the more physical activities such as tennis, golf and traveling. By that time, our expenses will reduce but medical expenses could increase.

Worked for about 12 years in oil industry. Wife worked for 4 yrs in life science industry.
cash = 650k
cpf = i think around 60k. Used money for house
fully paid up flat = 180k. Valued at 420k
paid up capital on loans for ither property= 600k
How i made it? Took up overseas assignments once i graduated from ntu. Spent alot of time overseas. Flipped property in the singapore property boom. Buy and invest in property. Was very unluckly with shares.

We plan to retire in 4 years time when we reach 55. We own a 4 room HDB flat which we bought many years ago and now it is paid up. We will be retiring in KL where we have relatives and friends.

We plan to rent out our flat for $2500 pm or $30k pa. We also have stocks investments in blue chips which give us 4% dividends, we get $30k in dividends per year. In total, our passive income from flat and stocks is about $60k pa. When we convert our passive income, we get RM160k pa. Expenses for a retired couple in KL will be about RM60k pa. Our daughter is expected to give us $1,000 pm ($12k pa) from her annual income of $100k pa. We will save this.

When we reach 65, we will get $2,400 pm or $28.8k pa from CPF Life. We will save this as well. So when we reach 65, our passive income will be $100.8k pa or RM270k pa. Our net worth now is about $1.6m.

Pleasantly surprised with your post. It suddenly opened up our mind on the possibility for my spouse and I to retire in a couple of years time when we hit 48 & 50 years old. We have no kids.

We already have a passive income of S$60k pa and if we sell our current home (a condo) and invest it in blue chip stocks, we can get another S$60k pa of dividends, making it a total of S$120k pa of dividends. If we convert this to RM and retire in KL, we will have a passive income of RM320k pa. With this amount, we can easily retire in the most posh penthouse in the most prestigious address in KL and can drive a sports car. LOL.

Originally Posted by Unregistered

We plan to retire in 4 years time when we reach 55. We own a 4 room HDB flat which we bought many years ago and now it is paid up. We will be retiring in KL where we have relatives and friends.

We plan to rent out our flat for $2500 pm or $30k pa. We also have stocks investments in blue chips which give us 4% dividends, we get $30k in dividends per year. In total, our passive income from flat and stocks is about $60k pa. When we convert our passive income, we get RM160k pa. Expenses for a retired couple in KL will be about RM60k pa. Our daughter is expected to give us $1,000 pm ($12k pa) from her annual income of $100k pa. We will save this.

When we reach 65, we will get $2,400 pm or $28.8k pa from CPF Life. We will save this as well. So when we reach 65, our passive income will be $100.8k pa or RM270k pa. Our net worth now is about $1.6m.

Originally Posted by Unregistered

Pleasantly surprised with your post. It suddenly opened up our mind on the possibility for my spouse and I to retire in a couple of years time when we hit 48 & 50 years old. We have no kids.

We already have a passive income of S$60k pa and if we sell our current home (a condo) and invest it in blue chip stocks, we can get another S$60k pa of dividends, making it a total of S$120k pa of dividends. If we convert this to RM and retire in KL, we will have a passive income of RM320k pa. With this amount, we can easily retire in the most posh penthouse in the most prestigious address in KL and can drive a sports car. LOL.

Assumptions, assumptions, assumptions. Damn what is wrong with this forum. so many losers here making groundless assumptions.

What makes you think RM wont go up over the next few yrs. What makes u think u can still have that passive income from dividends for the next few years. And how the hell u think u can sell your condo and retire in KL when the MY govt may just raise the property limit for foreigners from current 1mil RM to higher amt.

Damn only sinkies keep thinking that their properties will rise while the rest of region properties will fall. DUN count ur chicks till they hatch. Who knows tomorrow you r sick and ur freaking entire savings go towards medical bill. Jeezz

U sound just like our govt. Like to paint a nice Singapore dream for us. Hey wake up dude. the world is getting more volatile. The only thing u can confirm is death and taxes.

LOL, why are you responding to the same old post by the "broken recorder"? I suspect he is a property agent from M'sia or selling/renting M'sian properties.

Originally Posted by Unregistered

Assumptions, assumptions, assumptions. Damn what is wrong with this forum. so many losers here making groundless assumptions.

What makes you think RM wont go up over the next few yrs. What makes u think u can still have that passive income from dividends for the next few years. And how the hell u think u can sell your condo and retire in KL when the MY govt may just raise the property limit for foreigners from current 1mil RM to higher amt.

Damn only sinkies keep thinking that their properties will rise while the rest of region properties will fall. DUN count ur chicks till they hatch. Who knows tomorrow you r sick and ur freaking entire savings go towards medical bill. Jeezz

U sound just like our govt. Like to paint a nice Singapore dream for us. Hey wake up dude. the world is getting more volatile. The only thing u can confirm is death and taxes.

Originally Posted by Unregistered

LOL, why are you responding to the same old post by the "broken recorder"? I suspect he is a property agent from M'sia or selling/renting M'sian properties.

Aiyoh, thanks for the reminded bro. Damn wasted 5 mins of my life. Thanks for the advice. Think I will siam this thread.

27 years old. My assets include the following:

cash 26K
iphone 6 16gb

Originally Posted by Unregistered

27 years old. My assets include the following:

cash 26K
iphone 6 16gb

26k is a bit sad.

But at least u got 16gb!

how am I doing.?

43y old...2kids...single inc 350k...may go down to 200 to 250k range
expenses of 150k..no car
2.1 mill networth out of which 400k cpf
all cash
renting at 40k...looking to buy a condo for own stay of 1.5 to 2mill when prices drop further

how much should put into condo.? and what else should i do to retire by 55?