For you, what is a realistic amount to retire with?

MoeLanYong

MoeLanYong

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I know many will say 'depends on lifestyle'. For you what is the number?

Is $2500 a month recurring passive income enough for you?
 
Why no one supports this thread?



Anyway, it depends on your needs
Personally, 20 years for me before I get CPFLIFE
After finished paying $650/mth to my mum for the next 3 years,
Would set $300 aside for her allowance (she has CPFLIFE and silver support scheme)
$500 for bills including transport fares,
$600 aside for makan and groceries,
$700 for insurance and medisave top up,
Grand total $2100

So if inflation is 2% a year, the expenses would be 1.49x of now
Means $3100/mth ,need to top up $1k of cash savings if the payout is $2100
 
For me, it depends on lifestyle. I need more than $2500.

I like to travel and enjoy life. So, I need more money.

$2500 is not enough for me. I want to live comfortably.
 
For me, it depends on lifestyle. I need more than $2500.

I like to travel and enjoy life. So, I need more money.

$2500 is not enough for me. I want to live comfortably.
I'm onboard.
 
I know many will say 'depends on lifestyle'. For you what is the number?

Is $2500 a month recurring passive income enough for you?
Why passive? At what age would you start to draw down if you have no one to pass your wealth to?
 
Is still depend What Kind of lifestyle you want. Simple lifestyle , never go out much. If happen go hawker choose the cheap ones , once a while have expensive ones. Come travel is subjective, some rich folks actually don't say like to travel much in fact beside others like since money is not an issue for them. If you see those common average people claim go travel. Usually Asia countries hardly they will go Europe even USA side because is expensive.

than come leisure needs, as long you are content cross finger never get spoil can last for years. Some folks are craze about getting the fastest PC, Mobile phone etc thus obviously they spend more.

still got misc expenses , bills etc.

Summary is Your Money control you. You don't have much money obviously you will cut down spending etc . If you have lots of money obviously you will spend.
 
I will probably need to work despite whatever passive income I make. It’s just that I don’t need to take a high stress job. Just something to top up my passive income plus occupy myself
 
Reading all the response here made me shiver 🥶🥶🥶
I plan to do F.I.R.E, unmarried, have no child... But even 2500 per month still sounds difficult to reach on this economy.
 
Reading all the response here made me shiver 🥶🥶🥶
I plan to do F.I.R.E, unmarried, have no child... But even 2500 per month still sounds difficult to reach on this economy.
Actually u can do it . It’s just u dare or not.

Like I am confident my passive income will sustain me as I am able to invest almost my entire take home salary monthly which kind of means I am surviving on income top ups - aka dividends

But I told my friend the only true sign I am confident is when I quit my job and really live off dividends
 
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Actually u can do it . It’s just u dare or not.

Like I am confident my passive income will sustain me as I am able to invest almost my entire take home salary monthly which kind of means I am surviving on income top ups - aka dividends

But I told my friend the only true sign I am confident is when I quit my job and really live off dividends
If measuring against the mortality rate, at what point would drawdown be appropriate? That's considering various scenarios - DINK, Single, married with children.

But I'd think it boils down to 2. When you have someone to pass down to. When you have no one to pass down to.
 
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If measuring against the mortality rate, at what point would drawdown be appropriate? That's considering various scenarios - DINK, Single, married with children.

But I'd think it boils down to 2. When you have someone to pass down to. When you have no one to pass down to.
I don’t intend to draw down unless I really need the money

If I have someone to pass it to, the dividends will help that person

If I don’t have someone to pass it to, the dividends go to no one but the bank account but it’s irrelevant to me cos I am dead

Most importantly, I don’t, for the sake of my investments, deprive myself unnecessarily in life
 
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For me, it depends on lifestyle. I need more than $2500.

I like to travel and enjoy life. So, I need more money.

$2500 is not enough for me. I want to live comfortably.
$2500 need to eat sparingly. maybe go temple jiak free meal. holiday is just go JB only.
 
Actually u can do it . It’s just u dare or not.

Like I am confident my passive income will sustain me as I am able to invest almost my entire take home salary monthly which kind of means I am surviving on income top ups - aka dividends

But I told my friend the only true sign I am confident is when I quit my job and really live off dividends
Understandable. But don't forget with yearly inflation. Have you already anticipating it? Would love to hear a deeper insight.
 
Understandable. But don't forget with yearly inflation. Have you already anticipating it? Would love to hear a deeper insight.
Yes. I anticipated it so that’s why I think eventually i will still need to work unless I retire totally only a few years before my expected death. Or I keep finding cheaper alternatives as the years go by but there will always be a limit to how much cost I can cut
 
Impossible to depend on CPF monthly payout to survive in Singapore. Better to live as a resident in another country with lower cost of living, e.g. Thailand, Malaysia, Vietnam. In Vietnam, $1.5k is more than enough for a couple to live if the house is fully paid for. But this amount is hardly enough in Sg.
 
Impossible to depend on CPF monthly payout to survive in Singapore. Better to live as a resident in another country with lower cost of living, e.g. Thailand, Malaysia, Vietnam. In Vietnam, $1.5k is more than enough for a couple to live if the house is fully paid for. But this amount is hardly enough in Sg.
Not really. U need to realise u r not a citizen there. But if u do get citizenship or get their social benefits as well, then u have it made. And of cos u must be fluent in their language.

Thats why Malaysia is better. Or Indonesia. Cos culture is somewhat similar and the language is not totally alien to us
 
Impossible to depend on CPF monthly payout to survive in Singapore. Better to live as a resident in another country with lower cost of living, e.g. Thailand, Malaysia, Vietnam. In Vietnam, $1.5k is more than enough for a couple to live if the house is fully paid for. But this amount is hardly enough in Sg.
Are you going to stay in another country long term? How are you going to do that? Is there any country which allows foreigners to stay there permanently? If not, add in the air ticket cost to and fro. Based on the 90 days visa available to sinkies, there is a cost of at least 8 trips (to and fro). After you include the cost, is the country still affordable in your definition? You could probably say can always go JB. Same thing, you still have to travel to and fro albeit lower cost compared to further countries, it's still cost and should be included as part of the living costs. Not to forget this is only financial cost. There is also foreign policy cost. I.e. the customs notice your increased frequency of travel and begin to monitor your activities etc. at worst, you'd be required to stay outside the country for a minimum period of time before allowed to re-enter again.
 
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Are you going to stay in another country long term? How are you going to do that? Is there any country which allows foreigners to stay there permanently? If not, add in the air ticket cost to and fro. Based on the 90 days visa available to sinkies, there is a cost of at least 8 trips (to and fro). After you include the cost, is the country still affordable in your definition? You could probably say can always go JB. Same thing, you still have to travel to and fro albeit lower cost compared to further countries, it's still cost and should be included as part of the living costs. Not to forget this is only financial cost. There is also foreign policy cost. I.e. the customs notice your increased frequency of travel and begin to monitor your activities etc. at worst, you'd be required to stay outside the country for a minimum period of time before allowed to re-enter again.
I think a very big issue is sinkies see AMDK staying long term in Thailand and such and think it’s easy to do so

They could be doing it illegally or they might have some visas that we are unaware of.
 
Are you going to stay in another country long term? How are you going to do that? Is there any country which allows foreigners to stay there permanently? If not, add in the air ticket cost to and fro. Based on the 90 days visa available to sinkies, there is a cost of at least 8 trips (to and fro). After you include the cost, is the country still affordable in your definition? You could probably say can always go JB. Same thing, you still have to travel to and fro albeit lower cost compared to further countries, it's still cost and should be included as part of the living costs. Not to forget this is only financial cost. There is also foreign policy cost. I.e. the customs notice your increased frequency of travel and begin to monitor your activities etc. at worst, you'd be required to stay outside the country for a minimum period of time before allowed to re-enter again.
For Vietnam, you need a Viet wife to get the 5 years spouse visa. Can stay 6 months before you need to leave Vietnam and reenter for a fresh 6 months stay.
 
For Vietnam, you need a Viet wife to get the 5 years spouse visa. Can stay 6 months before you need to leave Vietnam and reenter for a fresh 6 months stay.
Singaporeans without visa can stay up to 30 days in Vietnam. If we want to stay for more than 30 days, we need to apply visa which allows us to stay for 90 days. Where did you get the info from which says we can stay for 180 days (6 months)? The visa alone for 90 days stay is 25usd. And I'm not sure Vietnam would allow you to re-enter how often if your intention is to only stay outside of Vietnam for 1-2 days before re entering for a fresh period of time. That's also a risk itself. Getting a spouse just to retire overseas is yet one more additional risk. Which vietnamese spouse would be content to share sgd1.5k per month (before deducting the said costs e.g visa and air tickets)? Retiring in another country isn't as simple as it looks.

Note when you apply visa, they'd ask you what's the reason you want to stay longer in the country. Don't think you can tell them cos you want to retire there as the reason.
 
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