Quite scary that one will need $1m cash to retire in Singapore

[abbakonghee]

Think about it

$2000 per month x 30 years x 12 months
That's $700+k

Add on medical expenses, subscriptions, entertainment etc $1m cash

On top of that, $2000 per month is peasant caipng life.. just $60 per day

Very hard to retire.. all those buy big car, spend big money one.. they got worry about retirement? Or all believe they can work until 250 years old?

 

[Acetone]

Need more than that for comfortable life

 

[wwenze]

You retire at 65 add 30 years means u die at 95? Wait long long, the way I am living I might even die at 60

$2000 spending per month? Then those who only earn $2500 before deduction can eat kkj?

 

[Sinkie]

Think about it

$2000 per month x 30 years x 12 months
That's $700+k

Add on medical expenses, subscriptions, entertainment etc $1m cash

On top of that, $2000 per month is peasant caipng life.. just $60 per day

Very hard to retire.. all those buy big car, spend big money one.. they got worry about retirement? Or all believe they can work until 250 years old?

Got $1m cash now, you dare to retire?

 

[lala24]

I only feel secure with a min of $5k a month in retirement years. A comfortable sum would be 7-8k a month

 

[blurblur123]

Chao sinkie will work until die one

Dun dream of retiring

 

[abbakonghee]

Got $1m cash now, you dare to retire?

I'm too young to retire. Looking at 55

 

[abbakonghee]

How do so many sinkies dare to spend big money on car and purchases?

 

[muddywaters]

If you use CPF Life you don't need $1m cash wat.

 

[hachi]

Why you need so much 2k per month? If fully paid hdb and cpf life paying 1k plus, if you got a bit of investment that pay you 1-20k a year, OK what...

 

[snap99]

Your 2000$/month is worth $1000 only when you retire

 

[dnsfpl]

no need lar, just get a bto central area

then sell and buy slum hdb

profit enough to retire liao

 

[meridian]

Hengs got cpf pap wan sui 万万岁

 

[magicianofdk]

sger on average live to 85
65 to 85 is 20 years

With the same amount u stated, now u can have 3k per month. Enough?

 

[fortunecat]

Think about it

$2000 per month x 30 years x 12 months
That's $700+k

Add on medical expenses, subscriptions, entertainment etc $1m cash

On top of that, $2000 per month is peasant caipng life.. just $60 per day

Your 2k a mth not even include medical, subscriptions, entertainment. Like that still not enough? What kind of life do you want?

 

[Psyres]

Heed that legendary advice for retirement in Singapore:
Don't bother. Go JB.


Actually, scratch that. JB also too expensive. Go further north:
Go Thailand (When the situation goes back to normal)

 

[Tschuus]

Think about it

$2000 per month x 30 years x 12 months
That's $700+k

Add on medical expenses, subscriptions, entertainment etc $1m cash

On top of that, $2000 per month is peasant caipng life.. just $60 per day

Very hard to retire.. all those buy big car, spend big money one.. they got worry about retirement? Or all believe they can work until 250 years old?

Currently if you have need $404,300 in CPF life, you get 2.1K monthly until you die at 95 (according to your assumption)

You will have $1,000,000 -404,300 = $595,700 as additional marnee to spend or invest if you retire today with 1 million.

 

[Capitalist]

Think about it

$2000 per month x 30 years x 12 months
That's $700+k

Add on medical expenses, subscriptions, entertainment etc $1m cash

On top of that, $2000 per month is peasant caipng life.. just $60 per day

Your $60 caipng daily budget is for how many pax?

 

[Tschuus]

no need lar, just get a bto central area

then sell and buy slum hdb

profit enough to retire liao

Low chance getting BTO central area.

If really get choice choice btos (other than pinnacles) , sell i think only make 300K-500K

Buy replacement flat in slum maybe for 200K?

Not enough to retire.

 

[given]

Your $60 caipng daily budget is for how many pax?

maybe he still wanna drink bubbletea/starbucks everyday?