Two points that I agree so much, but many failed to understand its magnitude.
1) Life expectancy of 100. This is very real and will kill many FIRE plans because most budget 75 years old.
2) Nest egg that feeds you until 100. This means not working for at least 40-50 years and yet it can last you for that half a century. I built my own spreadsheet that is tailored to my investment style and appetite, the required number for FIRE scared the hell outta me. Everyone should start building a detailed year-by-year and item-by-item plan to build their goal properly.

If I can get ROI of 6% and expenditure of 2%, then I should be able to FI/RE. Is there any financial app that can keep track on all these?

I have a rather morbid outlook on that, if you don’t mind me sharing:

My retirement chest of about $30,000,000 at present (almost equally proportioned into liquid asset classes - 55% in a mix of bonds, blue chips, index-tracked investments, cash and 45% in properties) should, in theory, outlast my wife and my life times (we are knocking on 50 years of age). This assuming we use $250,000 per year (and that’s an extraordinarily extravagant assumption, as even a detailed analysis at present pegs our everyday “running costs” at no more than $15,000 per month - including a more than generous $6,000 allowance for travels and holidays per month). Realistically, we can live on far less. This retirement sum does NOT include whatever I have in my superannuation in Australia or my CPF in Singapore. The latter will be used to pay for my medical insurance coverage.

We’re already 100% covered for major illnesses and hospitalisations - at least until 80 years of age.

So, if the amount lasts our lifetimes, good on me. I planned and executed it to perfection. I can take care of myself (and my wife).

If it doesn’t, and I’m flipping flat broke before I’m dead, no worries mate, the government will take care of me - because I’ll be retired in Australia.

Fingers crossed, it’ll be the former scenario.

Seems like alot of you guys in this thread are much older. So I have a question to seek out your experiences.

Say you had in today's terms a modest figure of RM2mil worth of assets and 2 kids who are already adult and working. (RM2m is net asset position) You are at the age of 50.

What would be your ideal asset mix of that RM2m?

Just wanna hear your opinions as well, cause ive been hearing so many opinions im starting to think some of them are bias

I think it's riskier to not plan to live longer past 75, what if you don't have a direct next of kin that somewhat promises your basic survival?

Im almost 30, so im thinking about my 40s... If u guys are in your 40s maybe your thinking abt 50s.. who knows..

As part of the RE, i would assume to stop working by 50 and live off investments..

Actually just wanna see people's opinion if realistically RM2m in today's terms in enough or not..

If you have RM2 mil at 50 and take out RM8000 per month with a 2% increase every year to take into account inflation, you will have about RM466K left at the age of 80 if you get a 5% per annum return on your RM2 million.
But if you only take out RM5000 per month with the same 2% increment per year, you will still have RM3.6 million at 80