Advertisement

Anonymous

19 Aug 2020

∙

I want to retire at 55 years old, currently 28 years old. Advice please?

I am 28 and I want to retire at 55 years old. Young couple with a 2 year old son. Currently we have about 12 months emergency funds. My house is fully paid in 9 years but using up most of my CPF. So by 37 I will have about 18 years to build back my CPF for retirement. Army regular with an investment plan from work, withdraw big amount at 55. How can i grow my wealth more? Is it also advisable to exhaust my CPF on my house?

Monthly:
Saving: $1500
Savings plan: $2000
Investment: $500

3

Discussion (3)

What are your thoughts?

Learn how to style your text

Frankie Rappaport

19 Aug 2020

The trend is to work longer,

try to find a satisfactory job thaat keeps you wanting to work forever.

... or retire with 55 years.

Could be a good idea, but also 'something' could be missing.

Reply

Save

View 1 replies

Maisul

19 Aug 2020

Youtuber at Google (Channel : Say Do Invest)

Same age as you!

I think we can focus on buying assets and building or generating multiple sources of income one step at a time!

I dont think it is possible to retire at 55 in singapore with only 1 source of income.

Unless you are a CEO or something then..... maybe can lah.

Reply

Save

Write your thoughts

Related Posts

800k cash, frs reached, n a fully paid 4rm flat in mature estate with 51 years all these at 43 years old. do u think my friend is doing well? He hope to retire by 55.. don’t want to chg new house ok?

Ideally I want to stay in those one room BTO(retirement village) when old. Which flat to get? A 30-year-old flat near MRT vs a 5-year-old flat that's few bus stops away from MRT?

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?

45 years old, insurance agent still insist i buy retirement plan. Effectively, our working time ended around 55 years old, which is the best investment tool? Is Robo OCBC better & safer to Syfe?

Hi, I'm 28 years old, planning to put my money somewhere instead of bank. Should I do short term endowment plan (10 to 20 years) or long term (until 100 years of age)? Or retirement plan? Thank you?

Related Posts

800k cash, frs reached, n a fully paid 4rm flat in mature estate with 51 years all these at 43 years old. do u think my friend is doing well? He hope to retire by 55.. don’t want to chg new house ok?

Ideally I want to stay in those one room BTO(retirement village) when old. Which flat to get? A 30-year-old flat near MRT vs a 5-year-old flat that's few bus stops away from MRT?

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?

45 years old, insurance agent still insist i buy retirement plan. Effectively, our working time ended around 55 years old, which is the best investment tool? Is Robo OCBC better & safer to Syfe?

Hi, I'm 28 years old, planning to put my money somewhere instead of bank. Should I do short term endowment plan (10 to 20 years) or long term (until 100 years of age)? Or retirement plan? Thank you?

Advertisement