Retiring With S$6,000 Monthly: How Much Do I Need to Earn Now?

Retiring With S$6,000 Monthly: How Much Do I Need to Earn Now?

ValueChampion·2022-12-09 19:04

A recent survey by OCBC turned up an interesting finding. Younger Singaporeans desire to live it up during retirement with a lifestyle that would cost a cool S$6,000 a month.

Of course, there’s nothing wrong with aspiring to a luxurious (some would say excessive) retirement. However, is this sum practical for the average Singaporean? How much would you have to earn today in order to have a retirement budget of S$6,000 every month?

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