Moderate: SGD 4,000–6,000
Comfortable: SGD 6,000–10,000
Housing: Paid-off home (e.g., HDB flat). Rentals (SGD 2,000–4,000/month) would reduce sufficiency.
CPF LIFE: Reduces savings need by SGD 300,000–600,000 over 25 years (SGD 12,000–24,000/year).
Inflation-Adjusted Needs (25 years):Basic: ~SGD 799,000 (single) to SGD 1.6 million (couple)
Moderate: ~SGD 2.13–3.2 million (single) to SGD 4.26–6.4 million (couple)
With CPF LIFE (SGD 300,000–600,000), it’s just sufficient for a single retiree with a paid-off home and frugal living. Insufficient for a couple (SGD 1.6 million needed).
Moderate/Comfortable Lifestyle: Far too low, covering only ~7–11 years at SGD 4,000–6,000/month (no inflation). Inflation makes it unsustainable.
Conclusion: SGD 550,000 is barely enough for a single retiree with a basic lifestyle, a paid-off home, and CPF support. Not viable for couples or higher lifestyles.
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.
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