Will you retire at 62 or 65 or work until....

[inmyopinion]

Retire as early as u can.

Why not use 55 yo as a reference since u mentioned 'enough CPF or savings'. At 55, can access CPF after setting aside FRS.

People think & worry too much and dare not retire.

They are unwilling to give up the monthy income.

Assume you have $500K in CPF after setting aside FRS.

CPF OA is 2.5%. Risk free. Assume u don't invest.

You slowly draw down from 55 yo to 70 yo (15 yrs)

55 yo to 70 yo: Monthly is around S$3,327. It's RM 11K (today's exchange rate)

65 yo or 70 yo till u RIP: You start getting monthly payout till you RIP from CPF Life.

 

[highsulphur]

ideally 55 .. then still got energy and body fit enough to travel around ..

but need $5m investments @ 5% thereafter.

Read HWZ Forum Rules!

55 is my target retirement age too but the new job that I just took up will only vest rsu at retirement age of 63...

Not sure now how that's going to impact me later

 

[NardinJohn]

seriously one should consider retirement if you have enough $ and planning ... 80% sure is enough and let the rest work out naturally ... I wanna do things I like try new stuffs but work scope do not permit so I quit or going to quit... too close with bossman ... hai difficult to open mouth...

 

[pattanispirit]

Presumedly you have enough CPF or saving will you retire at 62 or 65 or work until you can't work?

once one person over 55, every extra yr u work, it is like add 5 yrs of aging.

just look at our ex PM at 57 yo (2009) vs 67 (2019)

vs 72 yo (2024)

Lawrence Wong is just 52 yo, took over this yr.

can see he age a lot in last 1, 2 yrs.

on the other hand, Dr M (same gen as LKY) still can go shopping at 99 yo, wo need of use of wheel chair or any PMD and can stand upright.

i rmb when he was in his 70s, he still can race at NS highway.

 

[TrollAndOgres]

If can, hope to retire or semi retire by 50

 

[Earthling]

u never know if 5 years later, the pack of rice will increase price 2 fold

 

[Brionic]

Presumedly you have enough CPF or saving will you retire at 62 or 65 or work until you can't work?

most here will work until drop in coffin because majority edmw bbfa and live alone

 

[Raelight]

The title sound so wrong.
Now young punk <= 40 target retired lo

 

[koster]

It depends on how much u like/dislike the work assuming u are financially ok. If like, then work as long as u can lor and vice versa.

 

[popdod]

Only can work from 8 to 5 till 85
coz
money no enuff.

 

[bombshell]

After retire, the next milestone in life is to die liao.

 

[Laguna123]

my initial plan is retire completely by 65. but realising my wife wanted to retire by 67, i sian half.

You cannot retire before your wife meh?

 

[Laguna123]

Think after retired at 60yo I can try doing other hobbies.

 

[highsulphur]

The title sound so wrong.
Now young punk <= 40 target retired lo

Target is one thing. Those YP say like like got dragon but dunno how they get their money

 

[highsulphur]

Only can work from 8 to 5 till 85
coz
money no enuff.

How much do you need

 

[popdod]

How much do you need

as much as possible
one medical condition can wipe off.

 

[dubliner1407]

Target 55. In 10 years. Sell off my 3 condos and then buy 4 room HDB and kick my 3 kids out.

 

[popdod]

Target 55. In 10 years. Sell off my 3 condos and then buy 4 room HDB and kick my 3 kids out.

Jin satki siol.
3 condos.

 

[Clarence NMT]

No, work something you like mostly. 80+ still can be poltics leh

 

[highsulphur]

as much as possible
one medical condition can wipe off.

Its never enough