This is a theoretical exercise, since I do not have $1m in liquid assets right now and I am also not looking to retire anytime soon. However, by the time I turn 50, it would be good to have $1m or even $2m to supplement whatever active income the household is still making. So these two portfolios that I built below will also be a good dry run to see if the Dividends or ETF way is more suitable when the time comes to actually implement them. Here are some of the assumptions/parameters that I have used:

• 80/20 portfolio built for someone who just turned 50
• 3.5% initial withdrawal rate. $35k in May each year set aside for expenses.
• Withdrawal amount will increase by 10% every 3 years to account for inflation
• $200k in CPF accounts that will be partially liquid at 55/65 years old respectively
• Fully paid-off home

Personally, I do believe age 50 is still a relatively young age to retire....