14-06-2023 12:21 PM | ||
Unregistered |
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we are at the similar situation with you. Have about $3mil in stocks, CPF etc... plus a rental property $1.5mil fully paid. we are enjoy this phase of life at age 50. Life has never been better. Cheers. |
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09-06-2023 11:22 AM | ||
Unregistered |
Started tracking my net worth at age 40 with $600k. Based on asset of $2 mil to $2.2 mil mainly in cpf, stocks, and T bills, insurance policies/annuity (exclude fully paid property), plan to generate $8 to $9k per month after 65 for 30 years for me and wife. Not huge sum, but good enough. Diligently tracked a detailed spreadsheet to know my savings and expenditure, expand to investment and then create plan to tap on various sources of income for retirement based on future expense scenario. Discovery: 1. CPF compounding interest effect is amazing. 2. Need to understand your spending pattern well to decide on my future lifestyle. 3. It is fun and satisfying to monitor your growth, enjoy the journey 4. Spend within your means 5. Potential to tap on insurance maturity values if need to (although this is not the best investment tool) I am sure many sensible Singaporeans are doing it. Finally, can go to Malaysia to further stretch the retirement dollars. Why spend in Singapore where you can get plenty of good food and entertainment. |
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09-03-2023 12:27 PM | ||
Unregistered |
Simple formula. 300X your monthly expenditure. Can retire and live indefinitely If your house fully paid for and you can live with $1500 a month all in, you only need $450k to retire If you still got mortgage, want a car, total spend $10k a month, you need $3 million. |
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09-03-2023 08:56 AM | ||
Unregistered | Carry balls and carry eggs...problem solved. | |
09-03-2023 08:54 AM | ||
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30-05-2021 04:01 PM | ||
Unregistered |
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21-03-2021 08:43 AM | ||
Unregistered |
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20-03-2021 01:44 PM | ||
stanley81ng |
instead of thinking of how much you need to retire. consider finding a work that you don't mind working (preferrably you enjou) and that you can still work even if you are old. the salary can be low but at least it can 1) cover part/all of your daily expenses 2) keep yourself occupied (also prevent dementia) 3) worry about how much money you need to retire (as the figure will be increasing as we are speaking now due to inflation etc) the work per say may be difficult to find but one should be mindful and work towards this goal in the long term. |
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16-03-2021 11:11 PM | ||
Lavesa | not too much | |
01-01-2021 08:16 PM | ||
Unregistered |
Best Job in Singapore To retire in Singapore, go for civil servant jobs not foreign talent competition and easy jobs just to make bosses happy and feel special. No retrenchment. Honestly, is there so much things to work on and re-invents in the public jobs, not really as we are already in 50 to 60 years into the Singapore soft and hardware. The best job in Singapore. Get a civil servant job, leave at 62 at retirement age and invest in property. Best job, no late night calls just make your boss feel special. |
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