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The Family

22 Apr 2024

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How much do you need to retire well in Singapore? What age are you looking at for early retirement? lol

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I think knowing your exact age can also be useful when planning for retirement, especially when you're comparing your current age with your target retirement age. Instead of looking only at the birth year, you can calculate the exact age in years, months and days using age calculator حساب العمر بالميلادي. It can make those long-term milestones easier to track.

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As an individual, you probably should have 1 million to retire comfortably at age 65.

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I personally plan to change to part time work at 65 before stopping work completely at 70 years old.

I think "retire well" is subjective for everyone. For me to be debt-free and go around eating all the hawker food I want and having the freedom to do all the free things is enough. Maybe one trip every six months? With that I think $1.5k (current rate) a month is enough.

In current terms, $3k/month per pax should allow a retiree to lead a decent lifestyle. But then again, it really depends on what and how we define "well".

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Personally, as a single person, my ideal retirement age is 55yo.

I think as long as loans are paid/self-paying, can go into semi-retriement. I don't think need to go...

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