Same here, i aim to retire at 45 or max 46 (my boss wants me to help him 3 more years, ui told him ok but i am secretly planning to retire after 1+ more year, but if he insists of asking me to help him longer, i would make it max 2 more years).

Didn't purposely choose by 45. It is just so ngam that i would reach my planned financial freedom by this age. I used to set the target to be 50-55, but i was very very lucky these few years, and able to reach the plan earlier. I am a very safe person, if i am going to buy a rm 300k car, meaning i have at least 3.3mil saving. If i am spending rm 6k per month, meaning once i am retired, the interest / dividen i will be getting monthly will be at least rm10-12k.

Anyway, it is luck, without all the lucks, i forsee no matter how hardworking i am, i would be retiring at around 50-55 .

Since i was using 10-12k as an example before, i will elaborate on this.

I am not single, but i decided not to have kids (i had decided on this since i was 16-17 years old, when i was still in secondary school). IMHO, 10-15k monthly without working is still considering a lot even "in the future", at least for me.


Currently my life is, i can spend 200-400rm in one dinner, and can buy anything as long as i want. But i realised one thing, i won't always eat a breakfast/lunch/dinner a few hundred rm daily or frequently, because i can't eat so much (and those foods are mostly seafoods, like crabs, prawns), and my favourite foods are always chicken rice (i can eat chicken rice 3 times a day no joke), so i guess i won't be spending too much on foods.

As mentioned i am a safe person, if i aim rm 10-15k, then it is just a safe point. In fact, if i stopped working, i still have dividens coming in which could range from a few hundred K to a mil per year, but i just don't count it in since i treat this as a "bonus" due to i won't know when will the company out the dividen altho it is quite consistently for the past few years. And if EPF always giving 5-6% yearly, my calculation is always using 4% as the benchmark, i aim the worst, if it is more than 4%, it is a bonus.

As for life after retirement, i have ways too many things to do due to i have many hobbies :
1. Coding. I used to code 12 hours as day and i loved coding a lot, may be i will learn back something after i am retired
2. Gaming. i am in between 70s-80s, i started gaming when i was 4-5 years old on atari, and then famicom, super famicom, mega drive, gam gear, arcade (went in arcade when i was 16), ps1, until now ps5 and i am still gaming daily. Pre-orderd a PSVR2 for virtual reality and will get it on February next year.
3. Collecting collectibles / statues.
4. Cycling. I used to cycling a few hours a day during my secondary school era, already planned to get a basikal once i am retired (i went to some shops to check them out, holyshit, those basikals are crazily expensive, my mind still stuck at the time i spent rm 100+ for a BMX)
5. Lucid dream, hypnosis, meditation , etc are the topics i am always interested, i will spend more time on these.

I am so glad i am from the gaming generation. I never stop playing games since 20 years ago until now. So many games i am waiting for now such as Final Fantasy 7 Remake Part 2, Dragon Dogma 2, Monster Hunter World 2, Street Fighter 6, Tekken 8, etc.

My parent who has retired for almost 25 years is still enjoying life and my father had started making use of youtube since a few years ago to learn various things, he is a very creative person and he followed youtube videos to create many gadgets, such as gadgets that helped him to climb tree (so he can get the coconuts easily), special basikal / bike, etc. My parent's house has fish pond, has various types of trees like papaya tree, coconut tree, chili padi trees, etc.

When people said they don't have things to do after retired, i really like "Seriously? No hobby built over the years?"

And besides those i listed, i actually still reading comics every week (HK and JP comics). And i am interested on 3d printing and 3d scanning too. Planning to get a good 3d scanner to scan my collectibles into 3d. and probably adjust the size and print them out, must be fun.

I did it many times, every time it took 2 days, only 1 time it took 1 biz day (meaning today sent tomorrow it is in, only happened 1 time out of many times)

If you sent in today, expect next Tuesday to be the fastest. EPF won't update the data on weekends and also public holiday.

It is the last day of the year again. This year is quite fruitful for me and hope everything is going well next year.

Contributed RM 195k into EPF this year, until this moment i still think i did the right move and will continue to do so.



Hope they will agree to increase the self contribution limit to be RM 100k and i will aim to contribute RM 280K-300K next year.

Have a good 2023 everyone!

It involves some luck, mostly due to my boss fulfilled his promise.

What is top 2%?

Personal name.

Thanks man. But I won't be working for too long, already planning to retire after a few more years.

Mainly due to luck. I am mid earlier-40.

After end of this year, if nothing special happens.

That is why sometimes i feel very angry when seeing they took lots of our tax money but can't even make a quality road.

@prophetjul

I think got some misunderstanding here. When prophetjul said > 5m, i didn't relate it to EPF but rather overall saving.

And about retirement, yup, YOLO.


Latest EPF news. They never stop asking government to allow them to withdraw again : https://malaysiagazette.com/2023/01/05/peng...anyak-membantu/

Happened to my father's big bro. Never enjoy life and died around 60.

A few years before he was dead due to heart issue / heart attack, he already told his wife he wanted to stop the business (restaurant) and retire to rest and go around to see see look look, but his wife rejected his request and asked him continue working to earn more money. His whole life just worked for others, everyday started working from morning 5-6am till night 6-7pm, wanted to stop working also not allowed by his wife, my parent felt he is pitiful and this is what triggered my parent to set a retirement date.

Dude, i must correct you on this one.

THE REASON it is capped is because the government wanted to prevent / avoid MONEY LAUNDERING.

Who told you nothing to do with money laundering? KWSP did mention about the cap is due to preventing money laundering.

Dude, what is this Singapore thingy? We are talking about Malaysia and why MALAYSIA EPF has the 60k limit cap. Malaysia's EPF has this cap limit is due to money laundering consideration.

I didn't even mention about CPF.

This post has been edited by HolyCooler: Jan 25 2023, 09:35 PM

Dude, do you really read what other people told you? KWSP did mention the 60k limit was due to taking into money laundering's consideration. But yet you are keep saying it is nothing about money laundering? It is really tough to communicate with you.

The latest articled shared by someone mentioned 6.67 million employees have less than 10K.

You don't need to set the limit to be as high as 1mil, just setting it 20k or even as high as 100k will do, 6-10million or more people will be benefited.

Ok, let's say 100k will be enough to help lots of people, and your EPF amount is more than 100k which you will get lesser dividen % while those below 100k will get a far higher %, are you still Ok to have this tiered dividen? I ask this question cos i suspect you are "OK" with it due to you are not affected now. While you will be affected immediately, i wanna know if you will still say OK? Honestly.

Saw someone posted this on another epf related thread :

https://twitter.com/redzuanNewsMPB/status/1...2F5350278%2Fall

So it is obvious that you are Ok with it since it won't affect you much.

You looks like a good guy who keep wanting to help those poorer people (by taking from those richer, but remember that, the richer already paying higher tax, and high chance they work much more harder and bearing much higher pressure than those not as rich, which meant they deserved to be rich since they pay the extra efforts).

I am wondering, when you are reaching you target which you could have around RM 15K per month from interest / dividen, would you be kind enough to take out 2.5% yearly from 1mil of your saving (just 1 mil, no need more), aka 25k (1mil x 2.5%) to help the poor by donating to charity organisation? It is similar to what you want those Epfers who have 1 mil to contribute their dividen % to help the poor.

Latest EPF news :


Dividen KWSP 2022 dijangka kekal atau lebih tinggi

https://www.utusan.com.my/ekonomi/2023/01/d...u-lebih-tinggi/

Last year i think many guessed wrong and many thought the range would be around 5-5.5% max? And then we had 6.15?

Let's see what we will be having this year!

Supporting EPF saving. Altho i am always expecting the worst, but i do hope they can give us 5.5-6% I hope they will announce good dividen + announce increasing the self-contribution amount from 60K to 100K.