My retirement goal is to live

My retirement goal is to live comfortably while I will max out my CPF life which will give me more than 3K monthly when I reached 65 and my endowment plan will give me another 2k. Investing my spares in income generating equities such as banks and REITs will provide the buffer needed to go for holidays and other purposes expense.

S$550K vs S$1.87M: 3x Gap! How Much Do You Really Need?

Previously, we discussed $DBS(D05.SI)$ Bank’s suggestion that S$550,000 is needed to retire in Singapore “S$550K to Retire in SG: Have You Planned Your FIRE Number?” and many tigers shared your own investment and savings plans for retirement. But now, a new report from $HSBC Holdings PLC(HSBC)$reveals that wealthy individuals in Singapore believe they need S$1.87 million to enjoy a “comfortable retirement.” To retire peacefully in Singapore, ordinary folks need to save S$550K, while the wealthy feel they need S$1.87 million. That’s a staggering difference — over three times more!

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