Imagine retirement at 55
Home paid up by then
Money set aside for CPF life ERS
Money set aside for kids college
Investments generating cashflow of $7k per month
How much do I need for expenses ? Perhaps $3k?
This means I have an extra $4k per month to either save or invest!!
And this is excluding aunty.
I reckon she will have less cashflow but overall we could in aggregate have $3k extra per month. And we don’t even need to save it since we aren’t even drawing down our savings or investments. So every 2-3 months, we have $6-9k to go holiday in Japan!!
Isn’t that a sibei shiok life?
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