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Me & My Money: Starting retirement planning at 30 to retire by 48 years old

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ST20240704_202464683086: Gin Tay/ samoney/Sue-Ann Tan/
(For Me & My Money column )
Profile of Ms Angela Teng, 36, head of editorial at financial literacy platform The Simple Sum photographed at Golden Equator Group office in DUO Tower, in July 4, 2024.

Financial content editor Angela Teng, 36, says her retirement lifestyle will be simple, allowing her to pursue her interests.

ST PHOTO: GIN TAY

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SINGAPORE – Most people at age 30 are embarking on their careers, starting families and making grand life plans, but financial content editor Angela Teng used that milestone to kick-start her ambitious plan to retire at just 48.

Ms Teng, now 36, has crunched the numbers and kept that lofty goal uppermost in her mind: “I have calculated a conservative expenditure of $1,500 a month for my daily needs after I retire.

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