Can u retire in SG with 100k?

last SG · 2008-05-15T01:54:14+00:00

Move to Thailand and make sure u dun serve sgforum once successfully landed. Serve less sgforum = save some money from bill = u can afford to die later.

Catknight SG

For most sporeans now saving 10k is a feat and most ppl here won't make it to a million mark either..but 100k seems reasonable for a middle class family to save up...so is it possible to do it?

Ferret SG

can can... u think can.. can...

u think cannot... cannot loh..

noahnoah SG

retire in sg with 100k?

dun think so

unless your house is fully pay off

frankly speaking 100k to a lot of ppl is nothing much now

QX179R SG

with so much of everything increasing, its money no enough..

kaeden SG

depends on your lifestyle lor, if everymeal need sharksfin then good luck lor

Catknight SG

alamak then how leh...no retirement fund means work till death ..worse than PRC senior citizens still can sip tea and play chess in Guangzhou..no need to work as plate collectors

cuddles SG

I think if you pay flat together with saving, by the time of retirement, maybe flat pay finish, and you get that amount as savings..

live simple sure can, and low profile don't let people know lo.. if not the young things come find you and that's it..

Catknight SG

Annuity scheme too old to benefit most ppl...already half dead so here mati liao

FireIce SG

depends on ur definition of "retire"

lenore SG

if you live frugally and you're fit, everything is paid for already like house, if there's kids and the kids have all grown up already and are independent, then i think yes 100k is enough.

gigabyte14 SG

wait for real madrid to be 10+ ahead of the 2nd in position

den put all ur money in

sure win

elindra SG

With my current living standards..... No

If I want to compromise on my living standards by a lot ...... Yes

Catknight SG

After 100k gone and u still healthy and alive..then how..??

cuddles SG

if you got that 100k in spare cash savings.. and it's for yourself, you're good to go.. provided you don't gamble a lot on 4D, toto, horse, etc.. can put in bank earn interest then live on the interest lo.. :)

after setting aside around 30k for grand funeral.. maybe not enough.. :P

lenore SG

then i take from you.

cuddles SG

After 100k gone and u still healthy and alive..then how..??

then it's time to go back to society and work. kio some cans or what. last resort, exit this world with a bang at train stations.

Exige60 SG

depends on ur job but for most ppl, it is possible and quite easy...but face the obstacles such as ERP, taxes, bills and Blah

alwaysdisturbed SG

For most sporeans now saving 10k is a feat and most ppl here won't make it to a million mark either..but 100k seems reasonable for a middle class family to save up...so is it possible to do it?

i thought someone said 40% of the people here will become millionaires.

just hope you are one of the 40%.

pigsticker SG

100k in today's dollars, yes....

100k in 30 years time, no...

maurizio13 SG

depends on how long you want to live after retirement.

at 3% interest rate with $1,000 withdrawal a month, can last you approximately 10 years.