WHAT IS YOUR IDEAL AGE FOR RETIREMENT?
-
This is a continuation of What is your ideal age for retirement? from Part One - http://sgforums.com/forums/8/topics/486061. The topic starter is Shorter ninja and I'm just continuing his topic. I don't know what happen to him and I've not heard from him personally for quite awhile. I hope he comes back in soon. Thanks. Joe
-
I'm semi-retired but I've been working full time since June last year. I look at this job as my part time job and my contract ends in June this year. Today is my OFF DAY. So I have sometime to browse the internet and do some postings within the Sg Forums. I think I will go for travelling again when my contract ended.
-
i hv insurance to pay until 67
-
I would work until I have enough savings to retire, then not wait a day longer
-
Shorter ninja wrote on 16 Aug `14, 12:24PM Cog "I feel that a few good years of shaking leg before leaving this rat race world is fair to the mind and body but how soon or how late? Don’t say in Singapore must retire at 90 because of LKY or say go take a guitar course and retire in JB at 35, just state your personal feeling on how and why you deserve to retire at a specific age"
-
I will never retire.
-
45 on me
-
How much savings is needed to retire soundly in singapore at the age of 45?
-
50, but you've got to be 57 to take out of CPF right
-
depend on how rich I am at that time and if I have any other enjoyment to do, if no other hobby/enjoyment, retire too early also sian.
if I am rich, I will retire even at 30,
then go into part-time fish keeping to earn some $$ for fun.
-
so how rich do u aim to be before u retire?
-
depend at that point of time how rich do i think i am liao and how satisfied am i
now maybe 500k sgd I say I will retire
but at that point of time maybe if i have 500k i may think since i am at the peak, should cont working till 1mil.
-
then u will nv retire............
-
then i have to work till die... cruel world -
When to retire ? The answer is NOW
-
As soon as possible. lol.
-
For me its as early as possible. The question is what is the ideal amount of money to have when you retire haha
-
-
60 plus haha
-
Retire at 40 when you have unlimited internet at age 26. Did you read somebody got $2,000 from online surveys
-
I think when to retire is also very much tied up with your own finances ie. when u can actually afford to retire. And this hv to factor in inflation in cost of living.
Land is the greatest constraint in SG. As more ppl get squeezed into this island, the higher the cost of property/rental. Simple supply and demand. So ppl & biz pay more for property/rental. And cost of living inevitably goes up. I forsee that garmen will let in more ppl, regardless of the public outrage over the 6.9m figure. Nevermind that it's ridiculous that being the top 10 GDP per capita country in the world, somehow garmen still say we can't afford the silver tsunami (ie. we will need to bring in more foreign labor)
So by the time u retire, SG is not only going to be even more expensive to live in, it's also less pleasant to live in because everybody's personal space get much reduced. In fact, SG today reminds me of HK. Everywhere is super crowded. It wasn't like this in my youth. And they call this progress.
All this means that for some ppl, SG will never ever be affordable enough for them to retire in. I stick my neck out and say, conservatively, the bottom 40% of workers cannot look forward to a comfortable retirement in SG. Unfortunatly, SG is a city state. There's no cheaper countryside to retire to. The more gungho of these retirees will consider other retirement destinations to stretch their dollars. But others will resign to work like a slave all their life.
-
Just an update. My work contract is extended to July 31 this instead of within June this year. The management said that they may even want to extend further should there be a project renewal by their main client. So wait and see...if not I will just relax for a few months again until I want to work part time again in Singapore. Thanks. Joe
-
In Singapore, there's no such thing as retirement