The game I play is elementary. If someone can succeed in early retirement, this person will also likely succeed in retiring at the statutory retirement age of 65. But this begs the questions: What is retiring like in Singapore? What should we expect to spend when we retire? Every five years, the Department of Statistics will compile a report on Household Expenditure Surveys, with the latest survey conducted in 2018. This report can tell us in great detail how much retirees are spending. I compared the average household expenditures per head with households comprising only non-working members above age 65.

Doing this allows gaining some insights on how we should expect our expenses to adjust as we get older.

The table I have built is as follows: