This is why early retirement and financial freedom is so popular. In Singapore, we probably need about $1 Million to retire comfortably. But the bad news is its extremely hard to save this amount of money in a very short time.
In my previous post, I introduced the 30 years retirement grid:
In this grid, it shows how much we need to save and invest to achieve whichever amount we desire for retirement. I figured out we need to save consistently $1500 every month and invest at 4% return for 30 years to achieve $1 Million. 30 years is honestly too long a time if you hate your job every single day. This is 10,950 days
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