u/Alive-Ad6987

Liquid NW - About 2mil, including investment (mainly equities/cash)

Investment - We had a safe strategy of just DCA-ing into ES3 and D05 over the past 10 years. In a sense, I count ourselves very lucky because of the return in the past few years. We're sitting on a 6-7% dividend yield (based on cost, not current price). Only less than half of our liquid NW in these. The rest are in stuff like SSB, OCBC 360, UOB One, Stash, T-bills, etc. Going forward, with the remaining uninvested amount, I'll split it up and DCA over the next 5 years into VWRA or equivalent (occasionally into D05), as I don't think D05 and ES3 will continue its trend upwards.

CPF - Both of us have already reached FRS and BHS, with about 100k in OA. We expect 2x FRS payout to sustain us from age 65 onwards. With BHS to cover medical fees.

Expenses - We are quite frugal, even with a 11yo kid. Our combined CC expenses is about 2k +/- a month. We travel 1-2 short trips a year. We still give allowances to our parents. All in, I estimate our annual expenses to be at most 50-60k a year for now, and should decrease to 20-30k as our parents and child get older. Healthwise, we're both okay in the cholesterol, BP, BMI, blood sugar aspect.

Housing - 5 room resale, fully paid off. Don't intend to move. Can treat it as our forever home. Possibility of lease buy-back when we're older to downgrade to a 2-room, if finances are tight.

Child Factor - Simple math should suggest whatever I state above is enough. However, as parents of a child in SG context, we want to secure some amount for our kid, as it is getting increasingly stressful and competitive. Our aim is to help partially fund their BTO up to 500k (in today's dollars), and also be able to buffer another 500k (in today's dollars) as an inheritance or fund them in their goals/career/education.

Is 2M enough? Or should we strive to accumulate more first? Spouse and I also have the flexibility to continue working part-time as we have some skillsets that can allow us to do so. Each of us can bring in 2-3k per month if we decide to work part-time.

Family: My wife (38F) and I (40M) have a child (12).

Expenses: Both of us are frugal, ball-park 60-70k expenses (all-in) per year including for child. 1-2 short trips a year. No expensive hobbies as well. We also live in a country where it's not necessary to drive.

Housing: Our house is paid off.

Health: Good in the cholesterol, BMI, blood pressure aspect. But not in the fit region as we don't go to the gym or work out regularly. Our country also has a good subsidized healthcare system, so we are not too afraid of sky-high medical bills.

Income: Combined, we bring in around 300k/year.

Net worth/investment: Currently about 2.8-2.9M excluding housing, mostly liquid. Our investment appetite is quite low-risk so we average between 3.5-4.5% per year, typically in safe dividend stocks or bonds. There's some element of luck here as some of them have seen a rise of 50-60% over past 5 years but I don't expect it to continue as they are not growth stocks. I'm also planning to wait for downturn year to start pivoting and DCA-ing into SPY and Gold. I know the usual response to this is "time in market beats timing the market" but I just can't bring myself to enter at this volatile moment.

Why do we want to FIRE and why have we not FIRE-ed? Mainly burnout from our jobs. On the other hand, we're apprehensive as we fear we have not considered blind spots and also fear a subsequent lack of purpose in life without a job to keep us occupied. We do have skillsets that will allow us to work part-time (e.g. 3 days a week) to bring in a combined 50-60k a year.

The last thing and probably the most important thing is, we are also working for our child. The more we work, the more we can guarantee a secured future for our child. Our broad aims are 1) help partially fund her own property purchase next time (real estate is expensive where I stay, may be up a million per apartment) and 2) prepared to support her in pursuing her interests which may not be well-paying enough in a high cost-of-living economy, e.g. giving her a stipend when her own income is low, or sponsoring her for necessary upskilling.

Hoping for some insights from you all.