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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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Old 01-10-2020, 09:27 PM
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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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Old 03-11-2020, 02:02 AM
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An amount of money that would allow me to spend around 30k a month.

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Old 23-11-2020, 11:40 PM
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Old 25-11-2020, 06:55 AM
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I think that everything depends on how you're living your life and how much money you're spending now. Usually it is very good to have kids that are going to continue your business and you would have a passive income for this. Otherwise you can find a website with businesses for sale and to sell your for a good amount of money which you will spend for the rest of your life. Personally I am afraid to lose my income, because I have periods when I need to spend a lot of money and I feel very safe if I know that I can make more after that.
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Old Yesterday, 03:43 AM
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Originally Posted by Stewace View Post
I think that everything depends on how you're living your life and how much money you're spending now. Usually it is very good to have kids that are going to continue your business and you would have a passive income for this. Otherwise you can find a website with businesses for sale and to sell your for a good amount of money which you will spend for the rest of your life. Personally I am afraid to lose my income, because I have periods when I need to spend a lot of money and I feel very safe if I know that I can make more after that.
The website is perfect for finding a rich investor or a buyer that will be ready to pay more!
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