I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

Currently; it about 54% to destination!

Click to email CW8888 or Email ID : jacobng1@gmail.com

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Sunday, 17 February 2013

Retirement Income for Life??? (5)

Read? Retirement Income for Life??? (4)

Requirements for Retirement – How Much is Enough?

May be we can make reference to Singapore Department of Statistic's Household Expenditure Survey in 2007/2008 which determined the average monthly household consumption expenditure.

In this survey, household consumption expenditure was defined as "the value of consumer goods and services acquired, used or paid for by a household for the satisfaction of the needs and wants of its members" on a monthly basis.
The average monthly expenditure per household by age group as below:

It has been assumed that the typical household of those aged 65 and over contains two people.

For those aged 65 and over, the average household expenditure was $2,154.50 in 2007/2008.

Basically, we can add in annual inflation rate of 3-5% and plus some buffer to derive our own household expenditure for two old couple.



  1. It really doesn't work like that for us. We find that the 1st year we stop the rat race, we have too much time on our hand, therefore we spend more money to kill time, instead of exchanging our time for money. We actually spend more than when one of us was still working.
    So you will spend more when you stop working not less. At least for the 1st few years, where your health still permit.
    Later into retirement, you may spend less on leisure but more on health matter. With God blessings you may not need to spend much on health matter. Of course we must try to keep our health. As we know God can't help us if we don't want to help ourselves. Even then, any thing is possible concerning a person's health.

    1. True. First X yrs into the retirement, we will want to see more of the other sides of the World so it is likely to be spending more.


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