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How much do you need to retire well in Singapore?

Retirement How much money is needed to retire comfortably, and what do you do in retirement

How much do you need to retire well in Singapore?

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#11 (permalink)

01-10-2020, 09:27 PM

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Quote:

Originally Posted by admin

Based on info from this article [s://.straitstimes.com/business/need-13m-to-retire-depends-how-you-live[/, you will need $1.3m to $2m to retire in Singapore.

When they mentioned about 3k per person, I dont think the number is right. They are trying to promote something. It is pretty common for insurance agents to tell you that you need 5k pm to retire etc. What a bull crap. What makes you think that your expenses suddenly increase by 2 to 3x after retirement? If you are worried about medical cost. You can buy insurance and it wont cost more than 600 per month.

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