How much you’ll need A good rule of thumb is the replacement rate (or replacement ratio), which is calculated in this way: Replacement rate = income after you retire / income before you retire The recommended replacement rate varies from around 60 to 80%. Hmm .... It looks like Uncle8888 has to deploy his war chest sooner to catch up with the recommended replacement rate towards the higher end.
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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