• Finance

    How much do you need to retire or live comfortably?

    At some point, I believe all of us will start to think about retirement and finances that we need to live comfortably and gracefully. What is the minimum sum of money or income per month we need when we reach 55 or 65 years old? The amount depends on the cost of living in the country and the lifestyle that we desire. According to a recent study by a team of researchers from Lee Kuan Yew School of Public Policy (LKYPP), National University of Singapore (NUS), they discovered from their focus group discussions with seniors that the household budgets necessary to meet basic needs were S$1,379 per month for single…