No seafood here bro - just a worker ant sharing view and bouncing off some ideas/views.
What to do - my little girl's in SG . U know the saying - idle hands/mind are the devil's tools? I'm keeping busy heheh.

I took the liberty to add $50 or $500 to your xxx+ or xx,xxx+ and assumed:
a. Yr balanced fund = 50% 50% split fixed income & equitiy
b. Yr travelling/petrol and entertainment = 50% 50% of $450

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I'm assuming U & yr parents are staying around Klang Valley, where cost of living is high.
Thus, U may want to concentrate more on "income" for now, as it's the most easiest to boost at your age (new-ish to the workforce or biz). Always concentrate on giving value - your income will eventually follow (ie. U will be like a value stock, which market price will eventually catch up ). It's tough for a single income earner to take care of a family on less than $4K net IMHO. It's incredible U can actually save & invest nearly 20%pa of your nett income.

Hm.. are these mutual funds EXCLUDING EPF investments? If so, you should have a total of about $2M to $3M easily, which is enough for an OK-lifestyle, assuming your personal inflation (dependent on LIFEstyle or lifeSTYLE) doesnt hit more than 3-4%pa on average.

If these mutual funds are INCLUDING EPF investments, fret not.
Keep in mind that we've not added in yr income growth AND EPF per annum addition. I'd need more details to simulate OR U can hunt down one of my old postings in Personal Financial Management OR Fund Investment Corner, where i uploaded a ZIPPED Excel file with EPF simulation with withdrawals for mutual funds. Drop me a PM if U cant find it, i'll send it over.

Asset Allocation-wise, U seem overweight in Fixed Income and totally no REIT stocks / Property investments. Personally, i've been overweight too in Fixed Income early last year to mid last year+, but even then it was about 60%+/-, not at 80%+.
If this is a planned short-term overweight, it's good.
If it's unplanned - be aware that Fixed Income assets, IMHO, should be used as "ammunition accumulation/holding", not as a growth tool.

eg. Assume i hold & plan
Fixed Income 40%,
Biz Equities (Biz, normal stocks, Equity Funds) 30%
Real Estate Equities (REITs + Properties) 30%

Now market collapses - Biz Equities fall by 50%, thus my holding will fall to 15% (30% *50%) yar? But i still have my Fixed Income generating $ and as a spare ammo to buy into a fallen market - think LELONG / CHEAP SALE
Note - U may or may not want to do "hard core" Asset Allocation rebalancing or a mixture. Personally, i only do "hard-core" forced rebalancing IF my Equity classes runs 25%+/- from my planned. Other than that, i continue stupidly on using value averaging + lelong/opportunity buying

Phew - a bucket load of kaka eh. Just some point of views yar, not gospel truths. 

Below is the Excel in ZIP format for your "what if" play
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