When did you first think of retiring?

Hustling from age of 12  to achieve Fire

Mental & social costs of Fire

Ideal retirement age?

Preparing for retirement?

How much monthly income for retirement?

Will you consider micro-retirement?

Three students in their early 20s tell us how they're approaching this.

Synopsis: Every first and third Monday of the month, get a headstart in your personal finance and career with The Straits Times.

Retirement used to be a word for middle-aged workers, perhaps as they started to think of how to lay up enough savings to enjoy their twilight years. 

But with movements like Fire - also known as financial independence, retire early - younger workers are starting to talk about retirement and prepare for the time they can kick their feet back and stop working. 

And for university students in their early 20s, preparing for retirement is already underway, to hit their goals of retiring early and to fund their ideal retirement lifestyles.  

So how early should you think of retirement and how can you plan for it?

In this episode, ST business correspondent Sue-Ann Tan looks at retirement planning even when you're in your 20s and if Fire can really work. 

Her guests are three NTU students in their early 20s - Tina Aw, Charmaine Chia and Aurene Graciella.

Highlights (click/tap above):

1:51 How old were you when you first thought about retirement?

5:33 Hustling from the age of 12 to achieve Fire

8:20 The mental and social costs of Fire

9:15 What is your ideal retirement age?

11:58 How are you preparing for retirement?

24:56 How much will you need per month in retirement?

27:44 Will you consider micro-retirement? 

Listen to "Should we play with FIRE?": https://str.sg/5mHc

Read Sue-Ann Tan's articles: https://str.sg/mvSa

Follow Sue-Ann Tan on LinkedIn: https://str.sg/A86X

Host: Sue-Ann Tan (suetan@sph.com.sg)

Produced & edited by: Amirul Karim

Executive producers: Ernest Luis, Lynda Hong & Joanna Seow

Follow Headstart On Record Podcast channel here:

Channel: https://str.sg/wB2m

Apple Podcasts: https://str.sg/wuN3

Spotify: https://str.sg/wBr9

Feedback to: podcast@sph.com.sg

Get business/career tips in ST's Headstart newsletter: https://str.sg/headstart-nl

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Follow more podcast channels:

All-in-one ST Podcasts channel: https://str.sg/wvz7

ST Podcasts website: http://str.sg/stpodcasts

ST Podcasts YouTube: https://str.sg/4Vwsa

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Get The Straits Times app, which has a dedicated podcast player section:

The App Store: https://str.sg/icyB

Google Play: https://str.sg/icyX

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#headstart

Three students in their early 20s tell us how they're approaching this.
Synopsis: Every first and third Monday of the month, get a headstart in your personal finance and career with The Straits Times.
Retirement used to be a word for middle-aged workers, perhaps as they started to think of how to lay up enough savings to enjoy their twilight years.&nbsp;
But with movements like Fire - also known as financial independence, retire early - younger workers are starting to talk about retirement and prepare for the time they can kick their feet back and stop working.&nbsp;
And for university students in their early 20s, preparing for retirement is already underway, to hit their goals of retiring early and to fund their ideal retirement lifestyles.&nbsp;&nbsp;
So how early should you think of retirement and how can you plan for it?
In this episode, ST business correspondent Sue-Ann Tan looks at retirement planning even when you're in your 20s and if Fire can really work.&nbsp;
Her guests are three NTU students in their early 20s - Tina Aw, Charmaine Chia and Aurene Graciella.
Highlights (click/tap above):
1:51 How old were you when you first thought about retirement?
5:33 Hustling from the age of 12 to achieve Fire
8:20 The mental and social costs of Fire
9:15 What is your ideal retirement age?
11:58 How are you preparing for retirement?
24:56 How much will you need per month in retirement?
27:44 Will you consider micro-retirement?&nbsp;
Listen to "Should we play with FIRE?": <a href="https://str.sg/5mHc">https://str.sg/5mHc</a>
Read Sue-Ann Tan's articles:<a href="https://str.sg/mvSa"> https://str.sg/mvSa</a>
Follow Sue-Ann Tan on LinkedIn:<a href="https://str.sg/A86X"> https://str.sg/A86X</a>
Host: Sue-Ann Tan (<a href="mailto:suetan@sph.com.sg">suetan@sph.com.sg</a>)
Produced &amp; edited by: Amirul Karim
Executive producers: Ernest Luis, Lynda Hong &amp; Joanna Seow
Follow Headstart On Record Podcast channel here:
Channel:<a href="https://str.sg/wB2m"> https://str.sg/wB2m</a>
Apple Podcasts:<a href="https://str.sg/wuN3"> https://str.sg/wuN3</a>
Spotify:<a href="https://str.sg/wBr9"> https://str.sg/wBr9</a>
Feedback to: <a href="mailto:podcast@sph.com.sg">podcast@sph.com.sg</a>
Get business/career tips in ST's Headstart newsletter:<a href="http://str.sg/headstart-nl"> https://str.sg/headstart-nl</a>
---
Follow more podcast channels:
All-in-one ST Podcasts channel:<a href="https://str.sg/wvz7"> https://str.sg/wvz7</a>
ST Podcasts website:<a href="http://str.sg/stpodcasts"> http://str.sg/stpodcasts</a>
ST Podcasts YouTube:<a href="https://str.sg/4Vwsa"> https://str.sg/4Vwsa</a>
---
Get The Straits Times app, which has a dedicated podcast player section:
The App Store:<a href="https://str.sg/icyB"> https://str.sg/icyB</a>
Google Play:<a href="https://str.sg/icyX"> https://str.sg/icyX</a>
---
#headstart

Get a headstart in your personal finance and career with The Straits Times.

Synopsis: Every first and third Monday of the month, get a headstart in your personal finance and career with The Straits Times.

Podcasters: Sue-Ann Tan & Tay Hong Yi

Produced & edited by: Amirul Karim

Executive producers: Ernest Luis & Lynda Hong

A podcast by The Straits Times, SPH Media.

Synopsis: Every first and third Monday of the month, get a headstart in your personal finance and career with The Straits Times.
Podcasters: Sue-Ann Tan &amp; Tay Hong Yi
Produced &amp; edited by: Amirul Karim
Executive producers: Ernest Luis &amp; Lynda Hong
A podcast by The Straits Times, SPH Media.

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