$DBS(D05.SI)$ It really depend-To The Moon - Tiger Brokers Online Investing Community - To The Moon

太复杂的我不懂

$DBS(D05.SI)$ 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 ;)

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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snuggix
06-12
snuggix
Great insights

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So this number is pretty meaningless without deeper&nbsp;context.&nbsp;</p>\n<p>My personal number would be S$1.5M (in today's dollar).</p>\n<p>It must&nbsp;generate enough passive income to fully cover my (+family) living expenses (today's dollar term)&nbsp;with some buffer&nbsp;to absorb occasional indulgence or luxury spendings (nothing fancy, just maybe have an expensive meals or buying time/comfort when needed).</p>\n<p>It also has to continue to be invested and grow at least inline with inflation&nbsp;rate.</p>\n<p>The ideal scenario&nbsp;is never to have&nbsp;to draw down on principal (passive income generating assets) and so never run out of money.&nbsp;</p>\n<p>That's a big target. And if it didnt work out, there's always other options: live a cheaper life or geo-arbitrage to Thailand or Malaysia. Life goes on&nbsp;;)</p></body></html>","htmlText":"<html><head></head><body><p><a href=\"https://ttm.financial/S/D05.SI\">$DBS(D05.SI)$&nbsp;</a> It really depends on the lifestyle and life circumstance (single/family/health etc).&nbsp;</p>\n<p>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&nbsp;context.&nbsp;</p>\n<p>My personal number would be S$1.5M (in today's dollar).</p>\n<p>It must&nbsp;generate enough passive income to fully cover my (+family) living expenses (today's dollar term)&nbsp;with some buffer&nbsp;to absorb occasional indulgence or luxury spendings (nothing fancy, just maybe have an expensive meals or buying time/comfort when needed).</p>\n<p>It also has to continue to be invested and grow at least inline with inflation&nbsp;rate.</p>\n<p>The ideal scenario&nbsp;is never to have&nbsp;to draw down on principal (passive income generating assets) and so never run out of money.&nbsp;</p>\n<p>That's a big target. And if it didnt work out, there's always other options: live a cheaper life or geo-arbitrage to Thailand or Malaysia. Life goes on&nbsp;;)</p></body></html>","text":"$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. 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