Retire By 40 With Specific Plan and Amounts

I read with interest on a blogger who mentioned that she needs $616,90.67 with a 6.5% annual yield to generate a passive income of $3,000 per month by the age of 40, in Singapore. I think that this is achievable goal for most of the people with the assumption of one starting the full-time employment at the age of 20 or 22 for lady and guy.

The above example shows that it does not take a million to have an early retirement by the age of 40.  Her blog can be found at the following blog:

https://missniao.wordpress.com/2018/12/18/would-you-retire-overseas/#more-9484

https://missniao.wordpress.com/2017/05/30/how-much-do-you-need-to-retire-at-40/

https://missniao.wordpress.com/2017/06/08/passive-income-of-3000-per-month-how-did-i-arrive-at-this-number/

I think that this is a possible goal for most of the people to try and see whether it is feasible. There is no harm in giving it a try and the patience and perservance are the way to go towards achieving a sustainable lifestyle.

WTK

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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 consider myself as FI and have the option of RE at any point of time. 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

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