How much is enough for retirement in Singapore?

[kyith]

The high level idea is always this two formulas:

[quote]Wealth Fund required in FI = (Next year’s Expenses in FI per month x 12)/Rate of Return to generate cash flows in FI

Rate of Return of your Wealth Machine(s) required in FI = Rate of Return to generate cash flows in FI+ Rate of Return to keep up with Inflation in FI[/quote]Myhttp://www.investmentmoats.com/wealth-building-2/how-much-do-you-need-for-financial-independence-or-retirement-a-simple-formula-to-guide-you/

Have a few \"pitstops\" on your way to the eventual goal. this would make it more achievable and know you are on the right track

https://i.imgur.com/YswW1hQ.gif\">

Gamify your life as well.

https://i.imgur.com/ywos3XX.gif\">

[kc007]

In my humble option, properties is the way to go in SG. My plan is to sell my primary property which is fairly central then move to the outskirts when I retire…since I will have all the time in the world to travel. Then rent 1 out for passive income. Very difficult or very rare for people to really make money in their entire portfolio via stock investment over a long term period…

[shawnlim88]

i have a couple friend, DINKs ( Double Income, No Kids)…

when they first married, they bought a resale 5 rm HDB in AMK.

after staying there for few years, they sold off that 5rm HDB 2 years ago and downgraded to a 4 rm HDB, few years later, they fully paid up for the HDB flat.

just sharing

[MrsKiasu]

If don’t mind sharing the house with strangers and there are no restrictions on it, I think renting the spare room(s) out is also a way to generate passive income when we are old…

[starlight1968sg]

MrsKiasu:

If don't mind sharing the house with strangers and there are no restrictions on it, I think renting the spare room(s) out is also a way to generate passive income when we are old..

I would prefer to downgrade to a small, small flat.

[pirated]

starlight1968sg:

MrsKiasu:

If don't mind sharing the house with strangers and there are no restrictions on it, I think renting the spare room(s) out is also a way to generate passive income when we are old..

I would prefer to downgrade to a small, small flat.

Won't be easy to get used to it

[MrsKiasu]

starlight1968sg:

MrsKiasu:

If don't mind sharing the house with strangers and there are no restrictions on it, I think renting the spare room(s) out is also a way to generate passive income when we are old..

I would prefer to downgrade to a small, small flat.

Sometimes the rental income can be quite attractive de..say rent 1 room get $500 and 2 rooms you get $1k..

[MrsKiasu]

pirated:

starlight1968sg:

[quote=\"MrsKiasu\"]If don't mind sharing the house with strangers and there are no restrictions on it, I think renting the spare room(s) out is also a way to generate passive income when we are old..

I would prefer to downgrade to a small, small flat.

Won't be easy to get used to it[/quote]For elderly, the tenant could become their companion or even someone to help watch them..wait something bad happened at least won't need to reach the advance stage..

[starlight1968sg]

MrsKiasu:

Sometimes the rental income can be quite attractive de..say rent 1 room get $500 and 2 rooms you get $1k..

Yes, 1k per mth passive income is tempting but the inconvenience of living with strangers simply puts me off.

[MrsKiasu]

starlight1968sg:

MrsKiasu:

Sometimes the rental income can be quite attractive de..say rent 1 room get $500 and 2 rooms you get $1k..

Yes, 1k per mth passive income is tempting but the inconvenience of living with strangers simply puts me off.

I believe we can adapt de, based on situation..for me, I rented room before so was totally ok with it. .but now I don't even want to have a live-in maid at home..