Since I officially retired on March 1, 2024, I've been tracking my expenses every month using Google Sheets. The above Google Sheets pie chart reflects my personal expenses for August 2025 (I only started using the SG60 Neighborhood Shopping Voucher in September).
To conserve electricity, I've resolutely avoided installing a water heater. There is an air conditioner installed at home, but rarely use it. Clothes are washed by hand; there is no washing machine at home and have no plans to purchase one.
I own my house and live with my sister, so I don't have to pay rent, thanks to the "Home Ownership Scheme" policy in Singapore.
Before retirement, I focused on building my own investment portfolio, appropriately taking and managing necessary risks, and refused to purchase any private insurance packages (this was a personal choice made by me after I had already obtained the national MediShield Life insurance and completed a personal risk assessment, and does not constitute general advice), so I did not have to pay premiums.
After retirement, my investment portfolio, composed of Unit Trusts, high-dividend stocks and Singapore Government Bonds (SSBs), provided a steady cash flow, allowing me to smoothly transition from work income to passive income, which is completely tax-free in Singapore.
I never dream of getting rich overnight. My fundamental financial philosophy is to increase income, reduce unnecessary expenses, and rapidly increase reliable investments.
The final total is SGD $667, which account for about 29.73% of my monthly passive income. This means I still have some left over 70.27% for medical treatment, travel, or investment. Currently, approximately 43% of my total annual passive income is reinvested in DBS Bank retail unit trusts in Singapore.
According to my Google Sheets and my Investment records, my average monthly spending and passive income as below:
2024 financial year summary, my average monthly passive income was SGD 2200, and my average monthly expenditure was SGD 552.60, resulting in a passive income generation surplus efficiency of 74.88%.
2025 financial year summary, my average monthly passive income was SGD 2900, and my average monthly expenditure was SGD 613.53, resulting in a passive income generation surplus efficiency of 78.84%.
Image above generated by Microsoft Copilot
According Claude AI estimation, most retirees: Passive income surplus efficiency 30-50%
Your efficiency: 78.84%
This means your wealth grows 1.5-2 times faster than others.
“This efficiency represents a self-reinforcing system where surplus becomes reinvestment power.”
Image above generated by ChatGPT
插图仅用于教育目的，想看中文版本或更多信息请访问我的小红书的笔记 ：我成功的从工作收入转型到退休后的被动收入
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