In my previous blog post, I discussed key findings about retirement from the OCBC Financial Wellness Index 2024 report. These findings were also highlighted in local papers, where it was mentioned that retirees would need an estimated $1.5 million to $3 million to sustain monthly expenses of $6,000 to $12,000. This is quite disheartening because based on the report below, Singapore has approximately 350,000 millionaires, which means over 90% of the population may fall short of this threshold. This raises a sobering question: Are the majority of Singaporeans destined to work indefinitely to sustain their retirement lifestyles? Here is how I am preparing for my retirement It was reported that most of the respondent selected "Lifestyle B", which means that each retiree will need $3430 per month for their expenses. For a couple, this amount will be $6860 per month. The actual amount may be lesser as they are staying in the same household, but for simplicity, lets use this amount....