Is $1000 to $2000 a month sufficient for retirement in Singapore?

So I came across a video by CNA insider "What Retirement on $1000 - $2000 a month in Singapore looks like. It follows mainly three man on their retirement journey and how they fund their retirement. It's quite a nice, short and informative video on how the retirees are funding and coping with retirement life.

How they will be funding their retirement

Phua Foo Guan

For the first individual, Phua Foo Guan (former iT professional), a very active individual who has events planned out for his week with jogs, table tennis and even steps climbing till the 40th floor. Seeing his lifestyle really makes me kinda ashamed at my exercise routine haha. His main funding for his retirement will be from his CPF LIFE payout, cash savings,investments and his home as an asset.

Patrick Lee

The second individual, Patrick Lee (Salesman), who looks really fun,artistic and sociable, relies on rental income, dividends from unit trust as well as CPF life. He is single but has many friends who he hangs out with having great meals together. He mainly retired to spend and take care of his mother.

Mohd Amin

The third individual is Mohd Amin (Firefighter), who is able to spend more time with his wife, children and grand-children after retirement. He downgraded from a 5-room to 2-room flat and the sales proceeds help fund his retirement together with his pension and also his part time job. I would say he is in a great position and downgrading when required as they do not required such a large place as their kids move out.

All 3 of them looks to be in a pretty good position and are enjoying their retirement with activities filled.

Retirement for my Mum

My mum also started her retirement around 2019 and so far have been keeping well within her budget except in terms of her insurance, she recently did a downgrade on her rider as the previous rider for her was really too expensive as it was covering private hospitals and also 100% of costs? Haha, I am not so well-versed in insurance but downgrading will allow her to pay half as much though she would have a specific panel of doctors to visit otherwise, she will have a co-payment to pay. Overall, after downgrading, I would say that she is in a better position as the annual premiums would be more manageable.

On her side, she has definitely been cooking a lot more as it really saves us money in the longer term. She can whip up a few dishes with ingredients that she bought and tbh when she was working, I didn't have a chance to taste her cooking. Nowadays, once in awhile, she will have some experimental dishes and some turns out good while others.......but it's nice overall her cooking. We also opt for hawker food and try to reduce our visits to restaurants. I do supplement her with a small allowance monthly and pay for expenses incurred during weekends but grocery shopping and all do still require quite a sum monthly.

But I would say that I am glad she retired as she has become happier and have more control over her time to do the things she want. I don't really track her expenses but I would say $2000 would be a good estimate for how much she spends on a monthly basis though traveling would mean more is needed.

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