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



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Sunday, 29 November 2015

Depending On Our CPF OA For Sustainable Retirement Income For Life From 60 to 80???


Using Yahoo Personal Finance Calculator

Read? How much will I need to save for retirement?

We will need to become an ordinary CPF OA member Millionaire to have enough money in our CPF OA account for a sustainable retirement income for life at $48K annual living expenses as of today cost of living. 

We should note that the median monthly household income in 2014 is $8.3K and median monthly personal income including CPF contribution in Jun 2014 is $3.8K. 

 $4K should be comfortable for retired couple with no other financial debts or dependent burden.



 
 
Posted by Createwealth8888 at 12:42
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5 comments:

  1. Siew Mun29 November 2015 at 13:02:00 GMT+8

    More like $2 m for me to live comfortably and for traveling

    ReplyDelete
  2. Siew Mun29 November 2015 at 15:30:00 GMT+8

    Family of 2 - husband and wife. Exclude children

    ReplyDelete
    Replies
    1. yeh29 November 2015 at 16:00:00 GMT+8

      How much per month to spend?
      2m to last how long?

      Delete
  3. Siew Mun29 November 2015 at 17:47:00 GMT+8

    Yeh, I intend to preserve the capital to form a trust for future generations. I plan spend about ~$100k per annum.

    ReplyDelete

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