An improved version for us to simulate and know (1) how much is enough to retire and (2) how hard we have to make our investment portfolio work for us?
Not everybody needs $50K passive income from our investment income to live our lifestyle.
For example, like Uncle8888's colleague who doesn't like overseas travel and vacation so he doesn't see the need for Passport.
Ordinary retirees in Singapore are likely to depend on combination of their investment portfolio, CPF OA, CPF SA and CPF Life and supported by some level of emergency cash and adequate medical coverage that fix our daily lifestyle. Everyday, we treat ourselves 365 days a year and year after year in B1, B2 or C Ward; but when we are suddenly sick; we "demand" A ward treatment.
That is strange! Guilty conscience at play or what?
Last updated : 14 Sep 2019
I am 63 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 20 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
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