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How Much Do You REALLY Need to Retire in Singapore (2025 Update)
In this video, I break down a realistic retirement number for Singaporeans based on actual data — not AI or guesswork. Using the 2024 Ministry of Manpower (MOM) median income of S$5,500 per month, we calculate how much a typical individual or couple would need to retire comfortably, depending on their desired lifestyle.
💡 Key Highlights:
Based on 2024 MOM median income ($5,500/month)
4% and 3% Safe Withdrawal Rate explained
Retirement portfolio estimates:
• Individual: S$1.65M–S$2.2M
• Couple: S$2.5M–S$3.3M
How lifestyle and inflation affect your retirement target
Why CPF Life should be treated as a bonus, not a base
2020 vs 2024 median income comparison — and how it impacts your FIRE goal
This framework isn’t about selling fear or unrealistic targets. It’s a data-driven approach for the 80% of Singaporeans who want a reasonable, middle-ground estimate of what it takes to retire comfortably — neither too frugal nor too luxurious.
#NotSponsored
I am asking this on behalf of my good friend. He is a 58-years-old Single Singaporean and he has $700,000 in his bank account. He is unemployed and he does not intend to find a job. He owns a 45-lease 2-room BTO flat. His CPF has no money because he stayed overseas for many years and he just recently returned to Singapore.
By the way, he is not Chinese race and he says he spends between $950 to $1000 each month currently. And he say he deposit his $700,000 money into T-bills and Singapore savings bonds.
Do you think his $700,000 is enough to last his retirement years?
can do a video on retiring with young kids. there is not much content on this topic.
For those high end guys, what for fix everything to ers, then now you got to eat hawker meals at times, have to wait for enough cash flow to renovate etc… ? When actually consistantly you can now renovate or eat at least mid range restaurant daily, tour you want without restriction?
Depends on individual lifestyle, i am comfy with near frs to fulfill basic needs hawker meals, bills – s&cc, property tax, publict tpt, elect, water, hp…
If i were you, as long as cpf reach frs or lower range ers for cpf life, the rest save it, spend moderately, or keep in OA to earn interest and flexibility of withdraw if need to. Instead of fix a huge sum till 65, restrict spending now, from 65, cant finish wat u fix in ers!
Agree
My advice to you is to apply a 2nd BTO once you have kids. Sell your current flat at high price & buy a 2nd subsidy cheaper BTO as a 2nd timer. 1 owner & 1 occupier for future better investment opportunities.
Your 1. Something million that u start drawing down can still earn you dividends right? Put in dbs 5 percent at 65 years old. 1.5 m gives u 65k dividend per year. Then u won’t even draw down as much.
Any new videos relating to UOB one rate cut in dec?