Today, at lunch. Uncle8888's female colleague in her early 30s asked this question: Can save more than 60%. No need to invest. Right? Walau! This is the first time, Uncle8888 tio this type of question: No need to invest! Hmmm ...... Uncle8888: When do you want to retire? She: 62 to 65 Uncle8888: How long can you live? 100? She thought for a while. She: 100? She: OK. 100 Can save more than 60% and that means spending less than 40% per year. 60% saving = 1.5 years of expenses Assume she retires at 62 and lives till 100 i.e 38 years in retirement She can work for another 30 years and saves more than 45 years in retirement. Plus her earlier saving in her 20s and plus her CPF saving till 62. 45++ Should be more than enough. Right? ......