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WEALTH MATTERS
·
Subscribers
Can we retire in Singapore?
A basic retirement is within the reach of every Singaporean; many can also aspire to a better-than-basic one
Christopher Tan
Published Sat, Feb 28, 2015 · 5:50 am
ENOUGH TO LIVE ON: DOS says the average monthly household expenditure per household member for the 21st to 40th expenditure quintile (lower-income workers) will be about S$657 in 10 years' time.
With the CPF salary ceiling to be raised from S$5,000 to S$6,000, DPM Tharman (above) said that this means an additional S$60,000 saved at age 65, if you are a worker aged 45 and earning S$6,000 or more today.
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