93 Achieving Early Retirement in Your 50s: Mr. Chan‘s Financial Success StoryEarly retirement is often seen as a challenging goal, but with proper planning and disciplined investing, it is within reach even for individuals in their 50s. We spoke with Mr. Chan, a high-income professional in Singapore, who is leveraging CPF, SRS, and AutoWealth to accelerate his journey toward financial independence. Meet Mr. Chan: A High-Income Professional with a Clear Goal Mr. Chan is 52 years old and has spent over three decades in a leadership role in the finance industry. With his children grown and independent, his focus has shifted toward early retirement by 55 and ensuring his wealth is preserved and continues to grow. Annual Income: S$250,000Primary Goals:Achieving financial independence by 55.Maintaining his current lifestyle throughout retirement.Building a sustainable investment portfolio for long-term wealth growth. Retirement Planning: Balancing CPF, SRS, and Investments1. Leveraging CPF for StabilityMr. Chan maximizes his CPF contributions to build a secure retirement foundation. His Retirement Account (RA) provides a guaranteed income stream through CPF LIFE, ensuring basic expenses are covered. Key Strategy: He topped up his CPF Special Account (SA) early in his career to take advantage of the 4% annual interest. By age 55, he estimates his CPF LIFE payouts will provide a monthly income of around S$2,500. 2. Using the SRS for Tax Savings and GrowthThe Supplementary Retirement Scheme (SRS) has been a cornerstone of Mr. Chan’s financial strategy for decades. Tax Relief: By contributing the maximum SRS amount of S$15,300 annually, Mr. Chan reduces his taxable income, saving thousands in taxes each year.Investment Growth: Instead of leaving his SRS funds idle, Mr. Chan invests them in AutoWealth’s AW+ Portfolio, targeting aggressive growth to align with his short-term retirement horizon. 3. Creating an Investment Portfolio for Long-Term GrowthBeyond CPF and SRS, Mr. Chan allocates a significant portion of his cash savings to a diversified investment portfolio. Why AutoWealth? AutoWealth’s low fees, automated rebalancing, and globally diversified portfolios provide Mr. Chan with peace of mind. AW+ Portfolio: For aggressive growth in the next 3–5 years before retirement.Global Portfolio: To maintain stability and preserve wealth post-retirement. Projected Returns: With an annual return target of 5–6%, Mr. Chan’s portfolio is on track to sustain his desired lifestyle without depleting his assets. Lessons from Mr. Chan’s Journey Start Early: Mr. Chan began contributing to his CPF and SRS in his 30s, allowing compound interest to work in his favor.Stay Disciplined: He maintains consistent contributions and avoids withdrawing funds prematurely.Invest Strategically: Balancing growth-oriented investments with stable options ensures both wealth accumulation and preservation.Plan Holistically: By combining CPF, SRS, and cash investments, Mr. Chan has diversified his income sources for retirement. Your Path to Early RetirementMr. Chan’s journey shows that early retirement is achievable, even when starting in your 50s, with thoughtful planning. By leveraging resources like CPF, SRS, and reliable platforms such as AutoWealth, you can create a solid financial plan tailored to your unique goals.