How much do you need to retire well in Singapore? - Page 2 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Retirement

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?

Reply
 
Thread Tools
  #11 (permalink)  
Old 01-10-2020, 09:27 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by admin View Post
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.

Reply With Quote
  #12 (permalink)  
Old 03-11-2020, 02:02 AM
Banned
 
Join Date: Nov 2019
Location: London, UK
Posts: 12
DanielStone is on a distinguished road
Default

An amount of money that would allow me to spend around 30k a month.

Reply With Quote
  #13 (permalink)  
Old 12-12-2020, 08:01 AM
Unregistered
Guest
 
Posts: n/a
Default

Plan to retire at 65 with a passive income of $5k a month for wife and me
CPF ERS: $2k
CPF FRS: $1.4k
Rental income: $2k
Total: approx $5k

But getting to 65 is a challenge....

Reply With Quote
  #14 (permalink)  
Old 01-01-2021, 08:16 PM
Unregistered
Guest
 
Posts: n/a
Default 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.
Reply With Quote
  #16 (permalink)  
Old 20-03-2021, 01:44 PM
Junior Member
 
Join Date: Mar 2021
Posts: 4
stanley81ng is on a distinguished road
Default

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.
Reply With Quote

  #17 (permalink)  
Old 21-03-2021, 08:43 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by stanley81ng View Post
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.
Ideal job will be just 8am to 5.30pm, no work after office hours and on weekends. But looks like many jobs that require degree often needs employees to work even after working hours and weekends
Reply With Quote
  #18 (permalink)  
Old 30-05-2021, 04:01 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
Not true civil service jobs no stress. My relative is one. Work 7 days a week. 15 hours a day. Nasty bosses.
Reply With Quote
  #19 (permalink)  
Old 09-03-2023, 08:54 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
Not forgetting that it is important to carry balls and carry eggs.
Reply With Quote
  #20 (permalink)  
Old 09-03-2023, 08:56 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Not true civil service jobs no stress. My relative is one. Work 7 days a week. 15 hours a day. Nasty bosses.
Carry balls and carry eggs...problem solved.
Reply With Quote
Reply

Bookmarks

Tags
retire, retirement, singapore

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
If you are not a millionaire, you shouldn't retire admin Investments and Net Worth 3 10-12-2014 04:28 PM
Better to retire later? darialim Income and Jobs 0 23-05-2013 06:05 PM
s$800k to retire happily for a couple? undiscern Investments and Net Worth 10 14-07-2011 11:14 PM
Retire when I am about to Kick Bucket? Salary.sg Investments and Net Worth 4 03-02-2009 04:26 PM

» 30 Recent Threads
ITE Polytechnic Scheme ( 1 2 3... Last Page)
309 Replies, 368,658 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,303 Replies, 4,981,701 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,454 Replies, 784,010 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,827 Replies, 4,655,839 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,338 Replies, 4,767,789 Views
Career as Teacher ( 1 2 3... Last Page)
10,818 Replies, 6,661,626 Views
Compare civil service salary ( 1 2 3... Last Page)
16,342 Replies, 12,452,433 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
169 Replies, 308,767 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
678 Replies, 387,934 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 813,734 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,920 Replies, 2,902,177 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,731 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,323,235 Views
Lawyer Salary ( 1 2 3... Last Page)
21,013 Replies, 10,327,708 Views
GovTech ( 1 2 3... Last Page)
5,159 Replies, 2,162,298 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 357,945 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,049 Replies, 440,371 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,374,811 Views
ST Electronics ( 1 2 3... Last Page)
3,767 Replies, 1,544,035 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,794 Replies, 1,043,000 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,304 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,738,102 Views
MX12 reappointed at MX11
8 Replies, 762 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
749 Replies, 405,200 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,329 Replies, 1,141,691 Views
MFA- Foreign Service... ( 1 2 3... Last Page)
54 Replies, 84,908 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
511 Replies, 268,360 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
206 Replies, 134,435 Views
Singapore Airlines ( 1 2 3)
22 Replies, 11,251 Views
NUS (National University of... ( 1 2 3... Last Page)
318 Replies, 318,777 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 08:38 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2