Resolute Retirees

You are riding off into the sunset – but only if you have enough savings to tide yourself through. Just about half of Endowus clients aged 45-54 are investing their SRS on the platform to reach a comfortable retirement. The needs are real: household budget studies have shown that coupled elderly households will need at least about $1,400 a month to retire in Singapore.

Meanwhile, those who hit a CPF Basic Retirement Sum of $88,000 are entitled to a monthly payout of just under $800 – that wouldn’t be enough to cover expenses for a single elderly person here. Be armed with a passive income from your investments in low-cost funds through the years to take care of your twilight years. Have a mix of dividends from equity funds, and steady coupons from fixed income, to retire well.

You may be interested in:

• Endowus Singapore Retirement Report 2021
• Passive income is for everyone
• Retirement planning: chicken and eggs
• Start your investing journey with Endowus