How much money (assets, savings etc.) would you aim/want to have before you retire?

Aiming for $1m in investment that generates me about 5% of returns for my spending(taking into consideration of inflation) with about $300k in CPF SA :)

I’d say about $2M for a couple with no kids (ie $1M per person). Of course, someone else’s number could be more or could be less..

I’d break it down into 3 categories

1) Housing — ~$400k
Paid off 3-4 room HDB flat — let’s assume this was purchased at $400k

2) Investments to generate passive income for living expenses — $1.25M
Each person has reasonable spending: say $2,000 per person per month — this translates to ~$50k per year. Using the 25x annual spending rule (or equivalently the 4% safe withdrawal rate)—> this translates to $1.25M

3) An additional safety buffer in CPF — ~$400k
This is to hedge against longevity risk since the 4% rule is tested for 30 year periods. I would do this by maxing out my CPF SA to the FRS (currently $181k)