i hv insurance to pay until 67
I would work until I have enough savings to retire, then not wait a day longer
I will never retire.
45 on me
How much savings is needed to retire soundly in singapore at the age of 45?
50, but you've got to be 57 to take out of CPF right
depend on how rich I am at that time and if I have any other enjoyment to do, if no other hobby/enjoyment, retire too early also sian.
if I am rich, I will retire even at 30,
then go into part-time fish keeping to earn some $$ for fun.
so how rich do u aim to be before u retire?
depend at that point of time how rich do i think i am liao and how satisfied am i
now maybe 500k sgd I say I will retire
but at that point of time maybe if i have 500k i may think since i am at the peak, should cont working till 1mil.
then u will nv retire............
then i have to work till die... cruel world
When to retire ? The answer is NOW
As soon as possible. lol.
For me its as early as possible. The question is what is the ideal amount of money to have when you retire haha
60 plus haha
Retire at 40 when you have unlimited internet at age 26. Did you read somebody got $2,000 from online surveys
I think when to retire is also very much tied up with your own finances ie. when u can actually afford to retire. And this hv to factor in inflation in cost of living.
Land is the greatest constraint in SG. As more ppl get squeezed into this island, the higher the cost of property/rental. Simple supply and demand. So ppl & biz pay more for property/rental. And cost of living inevitably goes up. I forsee that garmen will let in more ppl, regardless of the public outrage over the 6.9m figure. Nevermind that it's ridiculous that being the top 10 GDP per capita country in the world, somehow garmen still say we can't afford the silver tsunami (ie. we will need to bring in more foreign labor)
So by the time u retire, SG is not only going to be even more expensive to live in, it's also less pleasant to live in because everybody's personal space get much reduced. In fact, SG today reminds me of HK. Everywhere is super crowded. It wasn't like this in my youth. And they call this progress.
All this means that for some ppl, SG will never ever be affordable enough for them to retire in. I stick my neck out and say, conservatively, the bottom 40% of workers cannot look forward to a comfortable retirement in SG. Unfortunatly, SG is a city state. There's no cheaper countryside to retire to. The more gungho of these retirees will consider other retirement destinations to stretch their dollars. But others will resign to work like a slave all their life.
In Singapore, there's no such thing as retirement