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My ex boss worked until 63,then retire. He had a few properties fully paid up and about 1.5m in EPF. Cancer striked after about 3 years later. Next few years was chemo and visiting hospitals. Before retirement, he told me his wish was to travel the world as much as he could. Would you think 4 trips a year somewhere for 3 years is enough? I don't think so! Don't wait until our bodies cannot take it anymore. If financially able, take things slower and enjoy your hobbies whilst you still can. From Malaysia.
My dad retired at 70. However, when we go for holidays, he could hardly walk much. Though he is healthy, he exercises regularly and is a vegan. He feels tired and we spend a good two hours sitting at cafes in between visiting places of interests. I feel sad but what happened to him has taught me to also learn to enjoy the fruits of my labour and not to wait till too late.
i retired at 54, then 4 years later a job found me - so i "downgrade" my job as in i chose not to be in management, just second in command. I get to stay free, eat free except dinners, free transport to work etc (i am posted overseas), every weekend i go to nice places to fulfil my bucket list. another 1.5 years to go and I will retire again, unless another job finds me and be based at another exciting location with the perks.
Good piece of advice. I am aware and been reading up this topic of Healthy lifespan sometime back. I have always contemplated retiring at 57 or 58 way back when I was in my late 40s. However due to the push factors of conforming to social norm and the lingering fear of wanting a even bigger financial safety net, I soldiered on in my job with aim to retire at 63. However , due to some workplace changes beyond my control, has prompted me to finally decided to make the leap. Will be calling it a day soon, later this year at close to 57. Guess with a prudent lifestyle and the fact that I no longer have financial obligation such as housing loan etc. Now it is time to plan for more self rewarding and fulfilling life while I am still fit and healthy.
Josh, good sharing. I am now 58. Still fit but can feel the different starting from age 55. Stamina getting quite challenging. I am now still in full time job but on semi retirement mode. I have reached the pinnacle of my career and no need to strive any more. Still enjoying current work environment. Started transiting to full retirement by picking up new hobbies and activities. Target retirement age at 65.
Great advice. For most people, having worked hard all those years, you owe it to yourself to at least enjoy a few of them towards the end. Can't bring the money to the grave.
Uncle Josh, good news, I officially retired on 1st July. The good stock market returns in the last 4 years has allowed me to goyang kaki liaw, before my 50th birthday :) One thing to keep in mind, cancer will hit 1 in 3 people and more younger folks are going down with it. Not a crime to retire earlier, as long as investment returns can cover our living expenses. Good luck.
I retire at age 61yrs ,work 40 yrs fulltime after NS ,at age 55 i pledge full retire sum to Cpf life ,no house mortage ,i dont invest my cpf but earn cpf compound interest play safe & sleep well no risk 🤣🤑👍
If one is financially sound at age 55, go and enjoy life. 1/3 of our life - study, 1/3 of our life work hard and the last 1/3 - last lap, travel, take up a hobby, relax and enjoy life! You only live once. Life is short.
My aim is 53 or 55. Healthy lifespan is a very important factor to consider. The extension of retirement age and re employment age is not desirable for me.
my colleague retires at 58yo with comfortable retirement savings. Her plan is to travel once every quarter to enjoy life. Less than 2 years later, she told me every trip tires her and she needs more time to rest and recharge her energy. Age is catching up and no matter how much money one has, energy will still decline.
I retired at 57 and that's 7 years ago. This year 2024 I've visited 3 places and having another in September. There's no retirement age. Different people has different retirement age. 😅
Thanks Josh, always like listening to u coz ur pretty balance guy, not too extreme, personally i feel after C19, ppl dun seem to be living too long, so imo better do it sooner so long u have gathered enuf hays to last those remaining years, no poin working for $$ u wont get to spent n dragging ur feet to work daily BUT to those who think their work is their dream job, well carry on, to each their own!😊
I observe that women, in general, tend to eat less than man. I also observe that woman tends to encourage, even pressure man to eat more especially when food is abundance. That probably has to do with the maternal instincts. I also got a tip from my grandfather, who lived upto age of 95, that people whose food intake are excessive tend to have a shorter life. I have no scientific proof for this, but I suspect that there is wisdom in what my grandfather said. May be that explain partially as to why man lives a much shorter life than woman.
Majority of our health will start to decline after age 50. The best age to retire is 50 years old and not anything later. You might not be able to enjoy your life properly if you retire too late. Unless working till death is your passion, best to do what you love with the remaining years of your life.
Different people have their specific needs. Sometimes its not only personal health. It could be caring for parents and such. How i wish it was so straight forward..... retiring earlier and still in good health doesnt necessarily more time to enjoy 😢
Honestly, how many 70-ish retires can still climb stairs and walk long distances w/o getting out-of-breath? I would say conservatively 65yo for you to be healthy and still strong enough to enjoy life provided you exercise regularly and do not have major health issues. Just retire when your finances allow you to and always have good insurance coverage; enjoy the next 15 - 25 years doing something you truly enjoy. It can be leisurely working, help the community, achieve personal goals. Don't put your live on auto-pilot to join the rat race if you don't have to; also, create more employment oppty for the Gen Z, Z1, Z2, Z3... who may be your own kids, ha.
Hi Josh, I totally agree with you but my responsibility still not end yet because I still need to support my son NTU for 4 years until he graduate. Do you have any suggestion?
The final retirement could be determined by your old and sick single parent who have dementia if you’re the caregiver. Many single parent doesn’t like to stay in nursing or old folks home and somehow many lost contact with their children due to various reasons. Singapore is fast catching up with Japan on lonely death.
@@joshconsultancy I belongs to the mid range without having to work i.e could afford to travel regionally .I am in a dilemma - whether to withdraw from CPF now or wait till next year after CPF Board pays the interest for this year .
Some error on the numbers. Retirement at 58.. but cpf payout starts at 65.. what will the numbers be if need to finance the period from 58-65 before cpf payout begins?
May i ask,.. whats the investment you mention here? Because i think we all need to know what to invest in rather than just figures telling us we need to invest.
Thank you for the high praise =) Inputting 4000/m in todays value inflating at 3%pa. Portfolio to decumulate from 58-85 and continues to grow at 5%pa. Hope it clarifies. Ive a retirement calculator video, seen it?
Heck early retirement. I have a 10k permanent fun fund that always gets replenished so I can live life as and when i want and not think about min maxing every dollar for investment lol
The imaginary retiring life is a moving target. It used to mean stay high over night and will mean greeting a good morning to the rising sun. Less rosy but a healthier lifestyle. So I would prefer to retire late.
Retired in early 2020 at 53. No regrets. How I rationalise the decision is that the years of life remaining become increasingly valuable as one ages (there’s less years remaining). So at some point, it’s no longer worthwhile to trade one’s life for a salary 😅. For me, that point came after I hit 52.
@@zhouly can hear abit more on your story, what do you work as previously. How well do you rate your savings and investment journey. Do you have dependents
@@joshconsultancy Worked in Government admin, then IT management, with past 20 years in a senior role before calling it quits. On average, able to save about 50% of income, mostly invested in our home, equities, corporate bonds and in the last few years, some mutual funds. Home is fully paid by age 40. In early years, had good capital growth through upgrading our home every 5 years or so during market downturns. Returns from stocks and bonds are more muted, about 5-6% per annum on average, though there are a few counters invested (like DBS and OCBC) that has seen spectacular growth in the past 5 years… Married young, so no more dependents when wife & I retired.
Im qualified to answer it. The % will be based on what pool of people is in the survey. For a young advisor with clients all around their age, there wouldnt be even any data of clients retiring.
I planned to retire at this age since I started working almost 20+ years ago. Your baseline liquid investable amount required for retirement is close to the 1.5M I estimated 20+ years ago. 😂😂
Josh, eat well yes, but also some junk food to enjoy wont make a difference. Fiat money is all made up by man, you need money but you dont serve it. Wish you well.
At 43, I target to retire at 50, Lehman crashed at 49. I stayed on for 5 yr to repair damage and another 5 to ensure that no "Lehman" will ever affect my portfolio
Ha ha! Exhuberence in the roaring 2020s. Boomers have everything lah! .... Black swan warning. What if something bad happens and an elderly lost his wealth. Uncle josh, please any thoughts on that? Plus the inflation will continue, do we have enough, if we don't? Japan oredy got single elderly who are not well off. Retire at 58 and absolutely do nothing for financial planning. It is disaster!
45 going 46 this year. Have 4 kids youngest being 1.5 yrs old. What age do you think I can retire .. hmmm. If one wants to retire early, then don’t have kids, better still don’t get married. No financial responsibilities. Any way I made the choice and no regrets. I’ll probably retire at a later age but I think I’ll be fine :)
Becareful of imposters who use my image and reputation especially on telegram and instagram 🙏 Red flags include peddling of fast cash profits or hot crypto opportunities
To directly enquire about careshield upgrade email to josh.admin@promiseland.com.sg and josh.tan@promiseland.com.sg
ENGAGE Josh Tan on a fee for full retirement planning NOW - Hear the IMPROVEMENTS you can make IMMEDIATELY!
► www.theastuteparent.com/josh-tan
🌟 Specially written by JOSH TAN! 🌟 Invest in your financial success here
1) 28 Days to Financial Freedom ► payhip.com/b/UqpKL
2) HOW TO $1m (Newest Edition) ► payhip.com/b/q5Bln
My ex boss worked until 63,then retire. He had a few properties fully paid up and about 1.5m in EPF. Cancer striked after about 3 years later. Next few years was chemo and visiting hospitals. Before retirement, he told me his wish was to travel the world as much as he could. Would you think 4 trips a year somewhere for 3 years is enough? I don't think so! Don't wait until our bodies cannot take it anymore. If financially able, take things slower and enjoy your hobbies whilst you still can. From Malaysia.
Thank you for sharing your story
Well said!.❤
Same here. I can retire comfortably but I sank into depression because of health reasons. Haiz
My dad retired at 70. However, when we go for holidays, he could hardly walk much. Though he is healthy, he exercises regularly and is a vegan. He feels tired and we spend a good two hours sitting at cafes in between visiting places of interests. I feel sad but what happened to him has taught me to also learn to enjoy the fruits of my labour and not to wait till too late.
Thank you for sharing your story. Validates the concept in this video sharing
i retired at 54, then 4 years later a job found me - so i "downgrade" my job as in i chose not to be in management, just second in command. I get to stay free, eat free except dinners, free transport to work etc (i am posted overseas), every weekend i go to nice places to fulfil my bucket list. another 1.5 years to go and I will retire again, unless another job finds me and be based at another exciting location with the perks.
Nice! That sounds like a role to take =)
@@joshconsultancy Yes!!! total bliss.
57 now. Retired since 54. Time for some caregiving to my aged parents…
god bless you & love ones.
Good piece of advice. I am aware and been reading up this topic of Healthy lifespan sometime back. I have always contemplated retiring at 57 or 58 way back when I was in my late 40s. However due to the push factors of conforming to social norm and the lingering fear of wanting a even bigger financial safety net, I soldiered on in my job with aim to retire at 63. However , due to some workplace changes beyond my control, has prompted me to finally decided to make the leap. Will be calling it a day soon, later this year at close to 57. Guess with a prudent lifestyle and the fact that I no longer have financial obligation such as housing loan etc. Now it is time to plan for more self rewarding and fulfilling life while I am still fit and healthy.
Thank you. All the best for your coming retirement!
Josh, good sharing. I am now 58. Still fit but can feel the different starting from age 55. Stamina getting quite challenging. I am now still in full time job but on semi retirement mode. I have reached the pinnacle of my career and no need to strive any more. Still enjoying current work environment. Started transiting to full retirement by picking up new hobbies and activities. Target retirement age at 65.
Take care take care. Thank you for sharing you perspective too
Great advice. For most people, having worked hard all those years, you owe it to yourself to at least enjoy a few of them towards the end. Can't bring the money to the grave.
Thank you. Share the presentation with someone who should hear k
Uncle Josh, good news, I officially retired on 1st July. The good stock market returns in the last 4 years has allowed me to goyang kaki liaw, before my 50th birthday :) One thing to keep in mind, cancer will hit 1 in 3 people and more younger folks are going down with it. Not a crime to retire earlier, as long as investment returns can cover our living expenses. Good luck.
You sound older than me haha =P but congrats!!!
I retire at age 61yrs ,work 40 yrs fulltime after NS ,at age 55 i pledge full retire sum to Cpf life ,no house mortage ,i dont invest my cpf but earn cpf compound interest play safe & sleep well no risk 🤣🤑👍
i agree. thank you for sharing on healthy life expectancy
Should retire between 54 to 57. Then go into part time relaxing job. Relax is a mindset
If one is financially sound at age 55, go and enjoy life. 1/3 of our life - study, 1/3 of our life work hard and the last 1/3 - last lap, travel, take up a hobby, relax and enjoy life! You only live once. Life is short.
Well said!
Good stuff josh!! One may have money from 65 but no health to enjoy whats the point?
yes!!!
My aim is 53 or 55. Healthy lifespan is a very important factor to consider. The extension of retirement age and re employment age is not desirable for me.
All the best in your journey
Thanks for confirming my decision of retiring at age 58 in Jun 2024. 👍😁
Wa, exactly 58? 👍👍
my colleague retires at 58yo with comfortable retirement savings. Her plan is to travel once every quarter to enjoy life. Less than 2 years later, she told me every trip tires her and she needs more time to rest and recharge her energy. Age is catching up and no matter how much money one has, energy will still decline.
Wow, point of view noted
I retired at 57 and that's 7 years ago. This year 2024 I've visited 3 places and having another in September.
There's no retirement age. Different people has different retirement age. 😅
😅😅 congrats btw
Thanks Josh, always like listening to u coz ur pretty balance guy, not too extreme, personally i feel after C19, ppl dun seem to be living too long, so imo better do it sooner so long u have gathered enuf hays to last those remaining years, no poin working for $$ u wont get to spent n dragging ur feet to work daily BUT to those who think their work is their dream job, well carry on, to each their own!😊
Thank you. Yes to each their own. I just present findings to bring more awareness
I observe that women, in general, tend to eat less than man. I also observe that woman tends to encourage, even pressure man to eat more especially when food is abundance. That probably has to do with the maternal instincts. I also got a tip from my grandfather, who lived upto age of 95, that people whose food intake are excessive tend to have a shorter life. I have no scientific proof for this, but I suspect that there is wisdom in what my grandfather said. May be that explain partially as to why man lives a much shorter life than woman.
Thats sexist lol... 😅
Majority of our health will start to decline after age 50. The best age to retire is 50 years old and not anything later. You might not be able to enjoy your life properly if you retire too late. Unless working till death is your passion, best to do what you love with the remaining years of your life.
Start to decline ya, maybe even 40s but there is a balance to retiring early vs financial obligations (like raising a family).
Different people have their specific needs. Sometimes its not only personal health. It could be caring for parents and such. How i wish it was so straight forward..... retiring earlier and still in good health doesnt necessarily more time to enjoy 😢
Take care take care
I am 41yo now. Looking to retire at the age of 50, when my daughter turns 18. Life is too short to keep chasing for money.
Agree!
Honestly, how many 70-ish retires can still climb stairs and walk long distances w/o getting out-of-breath? I would say conservatively 65yo for you to be healthy and still strong enough to enjoy life provided you exercise regularly and do not have major health issues. Just retire when your finances allow you to and always have good insurance coverage; enjoy the next 15 - 25 years doing something you truly enjoy. It can be leisurely working, help the community, achieve personal goals. Don't put your live on auto-pilot to join the rat race if you don't have to; also, create more employment oppty for the Gen Z, Z1, Z2, Z3... who may be your own kids, ha.
Better to aim for 55 yrs , missed still can make it at 58 yrs.
Hi Josh, I totally agree with you but my responsibility still not end yet because I still need to support my son NTU for 4 years until he graduate. Do you have any suggestion?
Hi John, Invest and build a separate pot for that objective. Once it’s set aside, the retirement pot can be untouched 👌🏻
let your son learn to be self sufficient. take up student study loan, interest free until he graduates
The final retirement could be determined by your old and sick single parent who have dementia if you’re the caregiver. Many single parent doesn’t like to stay in nursing or old folks home and somehow many lost contact with their children due to various reasons. Singapore is fast catching up with Japan on lonely death.
Not all will take the caregiver role?
Good advise. 😊😊😊.
Thank you for the high praise! Share with someone k 😊
I retired at 62 , re-contracted to work till 68 years old. I am now retired - 2nd retirement. Still looking for another job.
What would worry you the most now?
@@joshconsultancy I belongs to the mid range without having to work i.e could afford to travel regionally .I am in a dilemma - whether to withdraw from CPF now or wait till next year after CPF Board pays the interest for this year .
Some error on the numbers. Retirement at 58.. but cpf payout starts at 65.. what will the numbers be if need to finance the period from 58-65 before cpf payout begins?
Yes. Would need $2,000 x 12mth x 7y more
Hi Josh, the salmon you mentioned is wild or farm? If it is wild, where to buy and how you ensure the supplier did not cheat you.
Just NTUC fresh salmon
May i ask,.. whats the investment you mention here? Because i think we all need to know what to invest in rather than just figures telling us we need to invest.
Diversified equity. Cannot be in safe instruments to deliver the 5% compounded annual returns at least. Hope it answers
Hi Josh,
Thank you for your good video. Very useful.
Can you share how you came to the $1.21mil saving needed at age 58 ?
Thank you for the high praise =)
Inputting 4000/m in todays value inflating at 3%pa. Portfolio to decumulate from 58-85 and continues to grow at 5%pa. Hope it clarifies. Ive a retirement calculator video, seen it?
Heck early retirement. I have a 10k permanent fun fund that always gets replenished so I can live life as and when i want and not think about min maxing every dollar for investment lol
I feel anything beyond 50 is too late already. Cannot enjoy life much... Even now in my 40s, I can feel the age taking its toll on my body...
The imaginary retiring life is a moving target. It used to mean stay high over night and will mean greeting a good morning to the rising sun. Less rosy but a healthier lifestyle. So I would prefer to retire late.
50 not many can achieve. With children, they are still likely in dependency years
Retired in early 2020 at 53. No regrets. How I rationalise the decision is that the years of life remaining become increasingly valuable as one ages (there’s less years remaining). So at some point, it’s no longer worthwhile to trade one’s life for a salary 😅. For me, that point came after I hit 52.
@@zhouly can hear abit more on your story, what do you work as previously. How well do you rate your savings and investment journey.
Do you have dependents
@@joshconsultancy Worked in Government admin, then IT management, with past 20 years in a senior role before calling it quits. On average, able to save about 50% of income, mostly invested in our home, equities, corporate bonds and in the last few years, some mutual funds. Home is fully paid by age 40. In early years, had good capital growth through upgrading our home every 5 years or so during market downturns. Returns from stocks and bonds are more muted, about 5-6% per annum on average, though there are a few counters invested (like DBS and OCBC) that has seen spectacular growth in the past 5 years… Married young, so no more dependents when wife & I retired.
55 is probably perfect. 58 is not too late. 65 is definitely way late
Goood reality check on healthy retirement for everyone
Thanks! Share with someone who should hear too k
My aim is age 40. Quite manageable
Do you have dependents?
Congrats anyway 👍
@@joshconsultancy nope
Ask your financial advisor what % of their client pool retire early & at what specific age. They should have those statistics. Very very low % ...
Im qualified to answer it. The % will be based on what pool of people is in the survey. For a young advisor with clients all around their age, there wouldnt be even any data of clients retiring.
Jai Hind. I retired at age 50 to be my ownself. However family and friends had ridiculed as Waiting to die.
Congrats! Just keep yourself active and healthy =)
Good content. I aim to retire a 53. Aim
Work towards it. Stay health, keep the loans small, invest more today!
retire at 55 is about right
want live live a bit longer, change your '''engine oil '' regularly.
By doing blood donation! 😄
Work 40 years for maybe 10 healthy years of retirement, no thankyou. I retired at 55 using Geo Arbitrage
Congrats on ur retirement. You chose JB or penang or bangkok?
Both Malaysia and Thailand@@joshconsultancy
56 now and jobless, looking for a job to pay for expenses.
All the best k
For those families with COMIMITMENT WHETHER TO THE HOUSE OR CHILDREN EDUCATION hard for them to retire at 58
Besides, 2026 retirement age is 64, so the STATE JUST WANT THE AGING POPULATION TO work somemore.
I planned to retire at this age since I started working almost 20+ years ago. Your baseline liquid investable amount required for retirement is close to the 1.5M I estimated 20+ years ago. 😂😂
👍
Max 45
All the best in your journey
i was planning to retire at 55 😆
Can la can la 😆
I have six more years!😅
Oh track or not on track?
58 is exactly the age i plan to retire! 😊
You'll be our ROLE MODEL !!! =)
Josh, eat well yes, but also some junk food to enjoy wont make a difference. Fiat money is all made up by man, you need money but you dont serve it. Wish you well.
Me at 49
Congrats 👍
If you were to list the 3 biggest factors that helped you retire earlier than most, what would that be?
No kids, rental income, minimalist.... that's all
At 43, I target to retire at 50, Lehman crashed at 49. I stayed on for 5 yr to repair damage and another 5 to ensure that no "Lehman" will ever affect my portfolio
All the best in your journey
@@joshconsultancy retire evenly at 60.. think shd have done it 55-60. However, it hard to set a date, everyone's preparedness is not the same
Hell... i would love to retire yesterday haha
Ha ha! Exhuberence in the roaring 2020s. Boomers have everything lah! .... Black swan warning. What if something bad happens and an elderly lost his wealth. Uncle josh, please any thoughts on that? Plus the inflation will continue, do we have enough, if we don't? Japan oredy got single elderly who are not well off. Retire at 58 and absolutely do nothing for financial planning. It is disaster!
Why retire? So lame. I am keeping working forever
45 going 46 this year. Have 4 kids youngest being 1.5 yrs old. What age do you think I can retire .. hmmm. If one wants to retire early, then don’t have kids, better still don’t get married. No financial responsibilities. Any way I made the choice and no regrets. I’ll probably retire at a later age but I think I’ll be fine :)
No regrets agree. You have many wins in your life, congrats!
fella have scam telegram groups
Becareful of imposters who use my image and reputation especially on telegram and instagram 🙏 Red flags include peddling of fast cash profits or hot crypto opportunities