Find Tuition/Enrichment Centres

How much is enough for retirement in Singapore?

With rising costs and increased learning needs, financing our children's education is no longer a simple walk in the park. Discuss with other parents about how they are managing their finances to cope with their expenses.

How much is enough for retirement in Singapore?

S$500K+
32
19%
S$1M to S$2M+
90
53%
S$3M to S$5M
30
18%
S$5M or more
19
11%
 
Total votes : 171

Re: How much is enough for retirement in Singapore?

Postby EstherP » Mon Apr 09, 2018 10:09 am

As for me, I think we need to consider some important things when calculating the retirement budget. The most important thing is I guess your expenses which is the key to identifying whether or not you could save enough for your retirement. By looking into your expenses, you will be able to identify the spending habits you need to improve or correct.

The second thing you need to identify in order to calculate your retirement budget is savings.

And the last thing would be your assets which includes your net assets as well as the investment returns you get from them.

However, if you find it inadequate, then it helps to take in this very truthful advice: "Live with your means."

EstherP
OrangeBelt
OrangeBelt
 
Posts: 51
Joined: Thu Mar 08, 2018 8:04 am
Total Likes: 1


Re: How much is enough for retirement in Singapore?

Postby jxlim » Wed May 23, 2018 5:36 pm

I have tickets to Lorna Tan Seminar on 2nd June 2018. During the seminar, she gonna talk about how to go about retirement planning that she wrote in her book, Learn How To Retire Smart.

PM me if you are interested in attending the Seminar.

jxlim
KiasuNewbie
KiasuNewbie
 
Posts: 1
Joined: Wed May 23, 2018 4:05 pm
Total Likes: 0


Re: How much is enough for retirement in Singapore?

Postby starlight1968sg » Mon Aug 06, 2018 7:28 pm

EPF: Some retirees spending all their withdrawals in 30 days
https://www.thestar.com.my/news/nation/ ... UV9oG8M.99

starlight1968sg
KiasuGrandMaster
KiasuGrandMaster
 
Posts: 15014
Joined: Mon Nov 16, 2009 8:43 am
Total Likes: 25


Re: How much is enough for retirement in Singapore?

Postby MdmJiang » Mon Oct 15, 2018 9:27 pm

Having 1m to 2m, one can get a 2nd property and live on the rent till the end. Property can even pass down to kids

MdmJiang
YellowBelt
YellowBelt
 
Posts: 25
Joined: Fri Oct 12, 2018 11:00 am
Total Likes: 0


Re: How much is enough for retirement in Singapore?

Postby RoastChickenDance » Fri Nov 16, 2018 8:05 pm

17/18 NOV MoneySense Financial Health Check roadshow (Monetary Authority of Singapore)
https://www.moneysense.gov.sg/events/mo ... e-roadshow

25 NOV MoneySense Introduction to personal investing (Monetary Authority of Singapore)
https://www.moneysense.gov.sg/events/in ... -investing

RoastChickenDance
KiasuGrandMaster
KiasuGrandMaster
 
Posts: 1086
Joined: Wed Oct 11, 2017 11:28 pm
Total Likes: 8



Re: How much is enough for retirement in Singapore?

Postby starlight1968sg » Mon Feb 11, 2019 8:58 pm

For sharing:
There is a "calculator" on retirement planning in https://smartwealth.sg/retirement-plans/

starlight1968sg
KiasuGrandMaster
KiasuGrandMaster
 
Posts: 15014
Joined: Mon Nov 16, 2009 8:43 am
Total Likes: 25


Previous

Return to Money Matters

Find Tuition/Enrichment Centres