How do we Retire Early in Singapore? On 4th March 2024, Minister for Manpower Tan See Leng announced that Singapore retirement age will be raised from the current 63 to 64 on 1st July 2026. The last time the retirement age was raised was in the year 2022 from 62 to the current 63. According to Wikipedia, Retirement is the withdrawal from one’s position or occupation or from one’s active working life. With the Ministry of Manpower raising the retirement age to 64, it does not mean you have to work until the minimum age. This is where FIRE comes into play. FIRE is short for Financial Independence, Retire Early. For myself, FIRE is a major life goal as I wanted the luxury to be able to choose whether to work before the statutory retirement age. To be able to retire early, it is important to

• Start planning early, be prudent in your savings and accumulate a larger nest egg for your

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