What prompted me to join my wife in early retirement was the awful realization that, even if our savings and holdings and assets generated no passive income, and we drew down RM1,000,000 annually per person because at 50, hey you know, YOLO, we would still not have enough time to finish our pot before the law of average lifespans took over…

Add to the fact that EPF, as long as no corrupt government or politician get their hands on the control levers, will continue to pay a decent dividend for all of its members and I’d say your example of RM4mil is more than realistic enough to retire comfortably

Honestly, if I am in my 70's with bad health, I'd probably take the whole lot out and enjoy whatever days I have left the way I always fantasized the rich and famous did... can't take a cent with me.

Waifu and I are destined to die lonely… we have to come to terms and be prepared to reap what we’ve decided to sow 30 plus years ago, when we decided not to have children. So, in my case, I will withdraw the full passive % and even that we will find we have more than enough left over after all our expenditures to roll onto new income generating investments….

After a certain level, it becomes quite meaningless

I can appreciate your comments And I applaud you for making that decision. I think the trouble comes if my wife and I regretted our initial decision, and somehow wish now, when we are in our 50s, to suddenly have kids as a part of our lives.

I live by my mantra: If you have them, never regret them, if you don’t have them, never miss them.

This post has been edited by hksgmy: Sep 11 2024, 06:14 PM

You get to enjoy your fruits but you leave behind the orchard.

The best of both worlds.