Now 2 million not enough to retire?

[lightningflash]

so need 4M to retire? by the time, i earned the 4M, maybe I will be in my 70s.
increasing COL and expensive medical bills how to cope?

maybe spend less or pray will not live too long

 

[Oldnerd79]

Ppl will say gt condo no money leetire?

Usually ppl like this downgrade when they want to retire. only those who genuinely can afford condo have enough savings to retire and no need to downgrade

 

[hachi]

Can see many here don't want to retire by choice citing inflation. By retiring one don't spend as much and most won't eat as much. I guess at govt let us to work till 65 is the choice where everyone wanted.

 

[weng0202]

2m is different at 4 years old, 40 years old and 64 years old, 84 years old.

2m is ebough for 64 and 84.

marginal for 40, lifestyle may not be suitable for many.

2 million put into reits, at 5% each year collect 100k. Should be enough lah.

 

[Visor9999]

Can see many here don't want to retire by choice citing inflation. By retiring one don't spend as much and most won't eat as much. I guess at govt let us to work till 65 is the choice where everyone wanted.

Completely remove the retirement age is best so companies can’t sack them

 

[wrexel]

Inflation compounds as well as investments.

Your expectations that X per month is enough has to correlate with whatever it is you spend on will cost post-inflation.

 

[decade]

it is enough..but must every meal eat porridge with preserved veg

 

[hachi]

2 million put into reits, at 5% each year collect 100k. Should be enough lah.

No people here like to draw down a fund... And inflation is crazy and people here live till 100yo and have energy of a teen from 15-99... Not enough.... At least 5m.