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Anonymous
Assuming no outstanding debt, home fully owned, CPF SA has FRS and need about 2.5K monthly.
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Grab food? Stay healthy at the same time. But I do not think 500 k can last long with 2.5 k monthly. Less than 20 years with inflation factor in and noting that medical bills goes up with age.
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Take this 500k, and start investing.
Calculate how much you need to retire.
If i need 3k per month, I'll need 25 times of the annual amount.
Therefore 900k
From 500k to 900k, park into S&P500 etf.
That generates 9% average.
It will take you 6.82 Years.
During this time of investing, DCA in every month into this investment so that you can get it expedited.
Jia you!