I'll be turning 30 this year and my goal is to slow down in life when i hit 45. Currently i have 40k+ investments, insurance. I'm able to set aside $300/mth to investments.

I am on a similar track as you, but with the following instead.

​

Investments : SSB + CPF-IS scheme (via Insurance agency)

Side Investment (ILP-based) : $600 / mth

Side Investment (CPF-IS via OA) : Lump sum as and when preferred.

​

Might want to consider a small pool of money for skills upgrading, so that your work income at age 40+ will still be decent and maybe improving along the way.

​

Passive income wise, please check with your insurance agent, they might have a good wealth generating passive plans for your specific needs.

It depends on your lifestyle needs also, but just be careful when lifestyle inflation when your income increases.

Hi, I think you can try out this retirement calculator to see if you are on track.

You You should look at how much u want per month when retire and work out whether you rely on SWR or dividend passive as income.

​

Get the figure and work backwards to see how much u need per month and how much your money need to compound.

​