I would think we need more than 1 million, at least 2 million to retire in SG as the living expenses in SG is 1 of the highest in the world. We need to be able to cover our daily expenses and healthcare costs.

Cost of living is too high for us to retire, hence I believe >1 million is the minimum amount needed for retirement.

As an independent person, I estimate my monthly expenses will be about $1400. If I retire at 55, with an estimated lifespan of 85 years old, I estimate I will need less than 1 million to retirement comfortably, amidst rising inflation. I might be retired from employment, but it does not mean I will stop all sources of earning potential while enjoying my retirement life. My monies will continue to work hard for me in low risk investments (I am conservative and risk averse), continue to do side hustles like joining this forum, etc.

What you need is depending on what you spend and inflation level over the years before you retire. Prices may go up 3-4 time over 30 years so base on my spending that not spending too much on reataurants and luxury things, less than a million should be enough.

With $1M+ on hand, I can properly use it to generate passive income to fund my retirement years, spending it prudently.

More than a million is needed for retirement as cost of living is too high for us to retire.

It depends as cost of living will only get higher and higher with Singapore rank the world's most expensive country to live in.

Increase in the prices of food, transport, utilities and medical fees has caused the cost of living very high in singapore. I don't think our hard earned savings will be suffient for retirement.

Depends on how u want ur lift style will be. If jlcan afford to have more spending power then of cos diff with those that can only survive from day to day with 3 normal meals a day

I need $1000000 to retire

If possbile; keep earning as much as you can esp more investment payout as you wont knownid you have to suddenly pay an huge amount for any illness etc

I think it need at least 300 too 500k to retire. I think many singaporean who as been getting low salary unable to reach that much. BEST is to take good care of yourself to avoid visiting doctors to save money! Be healthy. there no need to has at least 500k for retire.

Given the cost of living in Singapore and the increasing life expectancy, I believe that around 1.5 million is needed for retirement.

If the question is to each individual its the amount of less than 500K.

If one thinks hard and long enough, as one age, we really don't need to spend as much on necessities. The only highest cost is really just hospitalisation insurance. The rest are really just wants

I will need at least $1.5~2 millions to retire. Medical expenses, housing, transport, food and education costs are always on the rise. This amount can help me to comfortably retire and travel occasionally

The amount is just basic survival

Need at least 1 million to cover daily basic expenses

More money is better as need for medical expense when retire

As of now, I believe 1 million is the minimum as
cost of living is too high to retire and it also depends on individual spending habits.

500K should be sufficient if just want to retire and live humbly.

More than 2 mil so that we can invest and save money at the same time

Increasing cost of living and rising inflation and so will need this amount to retire at comfortably

More than 1m

Cost of living is actually not that high as compared with some other country, we do not need a lot just enough to live and save some for the next generation

Better to have more than less.

The 500k can be invested into a ETF to generate passive income to supplement CPF life.

More than a million. Sg too expensive now and cost of living is only increasing.