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The average retirement age in Singapore is 62. But today, it’s increasingly common to hear of millennials who want to retire by their 40s, even before they hit 35.
In the past, people patiently worked and saved towards their destination of financial independence: Retirement in their silver age.
Now, many are sprinting towards early retirement, attracted by the prospect of living life on their terms as early as possible. To do so, millennials are subscribing to the FIRE (Financial Independence, Retire Early) movement.
Adherents of FIRE aim to save 70 per cent or more of their full-time income. The holy grail is to save 25 times of one’s annual expenses and make 4 per cent annual withdrawals for living expenditures.
https://www.channelnewsasia.com/com...endence-retire-early-work-jobs-invest-2881331
https://forums.fuckwarezone.com.sg/...by-their-40s-even-before-they-hit-35.6795190/
In the past, people patiently worked and saved towards their destination of financial independence: Retirement in their silver age.
Now, many are sprinting towards early retirement, attracted by the prospect of living life on their terms as early as possible. To do so, millennials are subscribing to the FIRE (Financial Independence, Retire Early) movement.
Adherents of FIRE aim to save 70 per cent or more of their full-time income. The holy grail is to save 25 times of one’s annual expenses and make 4 per cent annual withdrawals for living expenditures.
https://www.channelnewsasia.com/com...endence-retire-early-work-jobs-invest-2881331
https://forums.fuckwarezone.com.sg/...by-their-40s-even-before-they-hit-35.6795190/