Retirement Income

How many think they do not need income when they retire?

The average Singaporean cannot really depend on children or have enough savings to last 20 odd years...And did you say you will spend less?  You have no choice but you will have to spend much less as inflation takes a good bite into your savings every year.  If you had enough living on $3000/- ten years ago, the same amount cannot support the same lifestyle today.

If you need $2000/- p month, that translates to $24k p year or $480K in minimum savings.
Do you have that?

This simple calculation assumes you and your spouse have no health care needs, or major household repairs or take into account inflation.  No movies or elaborate birthday and other celebrations

So you venture into investments of sorts...Forex for instance...
Can you afford to take high risks at an age when you are basically unemployed?

The successful gurus taking you for a good spin of your money, teaching you to be the next millionaire I suspect are making more by conducting the courses for a tidy sum.

Teach the young to save before it is too late.  If it is too late already...