Unsure about Singapore, I aim

Unsure about Singapore, I aim to save $3.8mil & withdraw 4% annually to have a basic retirement in NZ. With an estimated annual income of $150k, this allows us to live comfortably.

*The Idea:* Withdraw 4% of retirement savings annually to cover living expenses, without depleting portfolio over time

*Assumptions:*
- Retirement savings are invested in a diversified portfolio, such as a mix of stocks & bonds
- The portfolio generates returns, such as dividends, interest & capital gains
- withdraw 4% of the initial portfolio value each year, adjusted for inflation

*Benefits:*
- Provides stable income stream
- Allows us to maintain a consistent lifestyle
- Can help us plan expenses

*Caveats:*
- The 4% rule is based on historical data & may not perform well in all market conditions
- may need to adjust withdrawal rate based on individual circumstances, such as market performance or changes in expenses
- It's essential to review & adjust retirement plan regularly

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!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":458615032480152,"tweetId":"458615032480152","gmtCreate":1753003263436,"gmtModify":1753003269291,"author":{"id":4142551860919612,"idStr":"4142551860919612","authorId":4142551860919612,"authorIdStr":"4142551860919612","name":"nomadic_m","avatar":"https://community-static.tradeup.com/news/1f3661c844e575fec696ac41d1d30e18","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":12,"crmLevelSwitch":0,"currentWearingBadge":{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Published at least 3 PICK posts (or 10 IDEA posts) and, within the past 30 days, posted at least 1 PICK post (or 4 IDEA posts) and 1 comment","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.04.11","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":494,"starInvestorFlag":false},"themes":[{"themeId":"288d87ebcd19403191f964e8386f745d","categoryId":"d3c66e9d6c224ba082ca76ee654847ca","name":"S$550K vs S$1.87M: 3x Gap! How Much Do You Really Need?","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":288d87ebcd19403191f964e8386f745d}&rnconfig={\"headerBarHidden\": true}","description":"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.\n\nBut 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.”\nTo 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!","image":"https://community-static.tradeup.com/news/13be0a878919667e69bd23919a2ef426"}],"images":[],"coverImages":[],"html":"<html><head></head><body>Unsure about Singapore, I aim to save $3.8mil &amp; withdraw 4% annually to have a basic retirement in NZ. With an estimated annual income of $150k, this allows us to live comfortably.\n\n*The Idea:* Withdraw 4% of retirement savings annually to cover living expenses, without depleting portfolio over time\n*Assumptions:* \n - Retirement savings are invested in a diversified portfolio, such as a mix of stocks &amp; bonds \n - The portfolio generates returns, such as dividends, interest &amp; capital gains \n - withdraw 4% of the initial portfolio value each year, adjusted for inflation\n*Benefits:* \n - Provides stable income stream \n - Allows us to maintain a consistent lifestyle \n - Can help us plan expenses\n*Caveats:* \n - The 4% rule is based on historical data &amp; may not perform well in all market conditions \n - may need to adjust withdrawal rate based on individual circumstances, such as market performance or changes in expenses \n - It's essential to review &amp; adjust retirement plan regularly</body></html>","htmlText":"<html><head></head><body>Unsure about Singapore, I aim to save $3.8mil &amp; withdraw 4% annually to have a basic retirement in NZ. With an estimated annual income of $150k, this allows us to live comfortably.\n\n*The Idea:* Withdraw 4% of retirement savings annually to cover living expenses, without depleting portfolio over time\n*Assumptions:* \n - Retirement savings are invested in a diversified portfolio, such as a mix of stocks &amp; bonds \n - The portfolio generates returns, such as dividends, interest &amp; capital gains \n - withdraw 4% of the initial portfolio value each year, adjusted for inflation\n*Benefits:* \n - Provides stable income stream \n - Allows us to maintain a consistent lifestyle \n - Can help us plan expenses\n*Caveats:* \n - The 4% rule is based on historical data &amp; may not perform well in all market conditions \n - may need to adjust withdrawal rate based on individual circumstances, such as market performance or changes in expenses \n - It's essential to review &amp; adjust retirement plan regularly</body></html>","text":"Unsure about Singapore, I aim to save $3.8mil & withdraw 4% annually to have a basic retirement in NZ. With an estimated annual income of $150k, this allows us to live comfortably. *The Idea:* Withdraw 4% of retirement savings annually to cover living expenses, without depleting portfolio over time *Assumptions:* - Retirement savings are invested in a diversified portfolio, such as a mix of stocks & bonds - The portfolio generates returns, such as dividends, interest & capital gains - withdraw 4% of the initial portfolio value each year, adjusted for inflation *Benefits:* - Provides stable income stream - Allows us to maintain a consistent lifestyle - Can help us plan expenses *Caveats:* - The 4% rule is based on historical data & may not perform well in all market conditions - may need to adjust withdrawal rate based on individual circumstances, such as market performance or changes in expenses - It's essential to review & adjust retirement plan regularly","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/458615032480152","repostId":0,"isVote":1,"tweetType":1,"viewCount":1246,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":811,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/458615032480152"}