[EvertonDiehard]

How does a person who intends to retire know if he has saved enough? There is no one-size-fits-all formula to calculate the ideal retirement age as far as finances are concerned. Every person's circumstances are unique, with distinct liabilities, savings goals and priorities. Retirement planning requires a personalised approach, considering factors like healthcare costs which rise with age, changing recreational expenses, inflation and market fluctuations, life expectancy and long-term care needs etc. In S'pore, how much money do you think a person at age 60 needs in order to retire?