To Retire Or Not To Retire Now

I will be reaching the age of 40 soon. It has been my dream to retire at the age of 40. As mentioned before, I will be reaching the 18 years of working in the workforce at the end of this year. The time has made me consider whether I should make the decision to quit the rat race for good. I feel that I need to be doing something which is to my interest instead of tendering my resignation and staying at home doing nothing.

Currently, I have no liability and only the commitment of supporting my parents who are retirees. There is no worry of me having to supporting the family as I have the investment portfolio which support the family for about 17 years if I quit my current job now and not working at all and living on the dividend generated from the share investment.  The number of years can be extended to 21 years if I reduce the yearly expense by $5,000.  Such lifestyle is good. However, there is no long term retirement plan as the investment portfolio will be diminished by 2035.  I believe that I can opt to do something which is to my interest and at the same time generate some form of income to complement my living expenses. I am embarking on some projects which are of interest. However, such projects have yet to generate a single cents. Blogging is also one of my projects and I recently started the blogging project since 19 May 2018.

At this juncture, I am of view that I will continue my full-time employment which continues to generate some positive savings after offsetting the monthly expenses inclusive of household allowance. The positive savings will be channelled to my investment portfolio which generates more dividends on a monthly basis. It is nice to be in such position in which I have many options to choose from. I will take my time to make the appropriate decision accordingly.


Author: firewtk

A middle-age Singaporean currently having a minimalist and simple lifestyle. I am not longer in full-time employment with effect from 1 May 2019. I try my very best to write one post per day on this blog. The purpose is to share my prevailing thoughts to interested readers. It is up to the interested readers to decide whether they want to take action in embarking on the FIRE journey. I do not gain anything from this blog and it is solely for sharing hopefully for the benefits of all interested reader. WTK

2 thoughts on “To Retire Or Not To Retire Now”

  1. Hello WTK,

    By retiring from work doesn’t mean retiring from life. More importantly, we should think about how we can spend our time that is left most fruitfully. I hope that I can become like you and have a choice to “retire” by 40. It is not an easy feat to achieve such a status. You’re awesome!


    1. Hi Ms Niao, I am not that superb as you mentioned. I am just an ordinary Singapore Male coming to almost half the lifetime, assuming that I live to 80. I will share with u some of my profile.

      1) I am currently single and keep an option of getting married if Ms Right appears. It does not matter if she does not appear and life still go on.

      2) I don’t own car and expensive hobbies. My hobbies are quite simple which includes jogging, playing soccer/basketball. I do meet with few close friends once a month.

      3) I lead a minimalist lifestyle. It is by choice and not by circumstance. I do not own much things and it is easy to declutter items in half a day.

      4) I contribute to the investment portfolio monthly. I don’t care about the prevailing share price. As long as I have saving after deducting the expenses such as housing allowance, bills, monthly income tax giro bills etc, I channel the saving into the investment portfolio which will generate more dividends.

      5) I reinvest the dividends generated from the investment portfolio. This will generate more dividends as well.

      6) Lastly. I believe that this could be my weak point to some. I keep eight years of expense as emergency fund.

      6) I keep the expense low and avoid lifestyle inflation.


      Liked by 1 person

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