$DBS(D05.SI)$ It really depends on the lifestyle and life circumstance (single/family/health etc).
There are also different definition of "retirements". Some want to enjoy life and spend, some just want to chill with slower life but probably continue to earn some income. So this number is pretty meaningless without deeper context.
My personal number would be S$1.5M (in today's dollar).
It must generate enough passive income to fully cover my (+family) living expenses (today's dollar term) with some buffer to absorb occasional indulgence or luxury spendings (nothing fancy, just maybe have an expensive meals or buying time/comfort when needed).
It also has to continue to be invested and grow at least inline with inflation rate.
The ideal scenario is never to have to draw down on principal (passive income generating assets) and so never run out of money.
That's a big target. And if it didnt work out, there's always other options: live a cheaper life or geo-arbitrage to Thailand or Malaysia. Life goes on ;)
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- snuggix·06-12Great insightsLikeReport