Hi all, I'm 38 years old and planning to retire at 52 years old. Hence now I am trying to improve my saving rate to achieve this. I always track my spending. Any advice on how to improve?

Wah! You earn alot leh!

I wonder how has your retirement plan progress since Aug 2020? Because I'm earning less (& assuming less HHI too) & I also aiming to retire at 52yo (in 17 yrs).

I thought I can get there but not even investing as aggressively as you.

How much do you plan to receive as retirement income?

Are there any billionaires or millionaires who got there by saving? Hmm....

Ultimately is the lifestyle and the degree of comfort you want when you retire. If you envision to be high spender when retire then may need more cash/passive income. If a average lifestyle, how much is attainable for a happy retirement? :) ​​​

It looks like your salary is quite high but I'd still suggest to Increase your take home pay.

It's easy to cut expenses but there will be a point in time where you can cut no further.

1) Jump to a new company with higher salary. New job often pays higher than existing job,
2) Get promoted in existing company
3) Do side hustles that bring you additional income