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

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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.

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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.

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