In a recent Aviva survey, 54% of the Singaporeans say they would like to retire before 60 but only 36% of them believe they will be able to do so. 56% of them believe they need $2,000 to $6,000 per month for retirement, but 48% say they will actually have less than $2,000 per month based on their current financial plan for retirement. Looking at these numbers, it is already apparent that CPF savings would be unlikely to meet their needs. So Singaporeans readily recognize the need to save for retirement, but many are skeptical about being able to save enough by the time they retire. The survey results have been consistent throughout the years, so what can Singaporeans do to change this? 1. Follow a Recommended Budget At Dr Wealth, we recommend that users do not spend more than 50% of their income on essential needs and 30% ......