facebookIf you have 500K savings at 40, how will you ensure that you can stay semi-retired? What some suggestions for semi-retirement work? - Seedly

Anonymous

24 Dec 2020

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Retirement

If you have 500K savings at 40, how will you ensure that you can stay semi-retired? What some suggestions for semi-retirement work?

Assuming no outstanding debt, home fully owned, CPF SA has FRS and need about 2.5K monthly.

Discussion (2)

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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!

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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