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Anonymous

09 Jan 2021

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Retirement

How much do you expect to spend annually in retirement? How much does a typical Singaporean need to survive in retirement...?

Discussion (4)

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Depend how old you are when you retire. If you retire at 65. i dont think you need so much cash $2k is more than enough.

your kid all grow up, your house fully pay. No need to give parent anymore $$$. When you old, you wont want to go to those fanciful reasturant so oily, you probably eat more often in kopitiam or cook yourself because you have nothing better to do and you want to eat healthier. You probably just get rid of your car, and just take grab if you want to travel far. You also probably wont fancy those branded goods anymore.

unless you plan for early retirement, that is whole different story.​​​

Chris

09 Jan 2021

Owner and Writer at Tortoisemoney.com

Personally, I'm aiming around 4k per month, expecting to spend 3k but 1k for a bit of buffer, extra expenditures etc.

  1. Fully paid house

  2. CPF @ Enhanced Retirement Sum ( ERS )

  3. Maxed out CPF Medisave account ( 6...

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