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!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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

Welcome to Ministry of Wealth!

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

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down

Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Saturday 9 March 2013

Retirement Income for Life??? (9)

Read? Retirement Income for Life??? (8)

Uncle8888 has forgotten it until someone requested for a copy of it.

Is $48K p.a. for couple at present value enough for retirees?

Uncle8888 still prefer to use the method of tracking historical family expenses; but this method require discipline to maintain records of family expenses over XX years.

One easy way of maintaining records is to dedicate one bank account where all expenses are charged and doing inter bank fund transfer. At beginning of each month, we just need to download the bank statement and copy and paste into our Family Expenses Tracking Microsoft Excel Worksheet.

How much is enough?

Uncle8888's Formula

Expected Monthly Expense =

(Highest ever monthly expense + 4 x Average monthly expense + Lowest ever monthly expense) / 6

= $X,XXX

Annual Monthly Expense = 12 x $X,XXX = $YY,YYY

Enough = 25 x $YY, YYY = $Z,000,000

You can email me for a copy of Retirement Planning Excel worksheet to play around with it and plan years ahead of it.

BTW, give yourself a serious thought on tracking family expenses by dedicating them to one dedicated bank account.

Read? Two Bank Accounts? No, You may need Four! - (4)



  1. How did you decide how much money was enough to retire?

    Based on a long-lasting hobby of reading books on stock investing, I realized that you can generally count on your nest egg to deliver a 4% return over most of a lifetime, with a good chance of it never running out. In other words, you need about 25 times your annual spending to retire. So we tracked our spending and our net worth, and when we hit the magic number we declared ourselves “retired.”

    For more on Mr. Money Mustache’s take on the 4% rule here, read this blog post.

  2. Surveys suggest there are a lot of people out there who are worried about retiring, who don’t have enough money saved, who feel like they may never retire. Can you offer people in that situation any words of advice in terms of how to turn their situation around?

    The quickest way to turn things around is to realize that you are in much more control than you realize. The time to reach retirement depends on only one thing: your savings rate as a percentage of your take-home pay. And this depends entirely on how much you spend. So the moment you can learn to live a less expensive life, suddenly the clouds clear up and the financial picture brightens considerably.

    Read Mr. Money Mustache’s 5 most important strategies for planning an early retirement.

  3. Retire?
    Some Elite just suggested in the news to extend retirement age to go beyond 65.
    For ordinary low wage to average workers, how to retire in Singapore?
    He was suggesting the obvious thing for a lot of Singaporeans, was not it?


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