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> 2 mil more than enough to retire

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andrewhtf
post Jun 14 2021, 07:42 PM

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QUOTE(TiramisuCoffee @ Jun 14 2021, 07:28 PM)
New norm, some ppl can easily  reach 96yo n counting. Enuf or not then?  bruce.gif
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as i said, it is estimated FOR ME. orang lain saya tatau and takesah.
TiramisuCoffee
post Jun 14 2021, 07:50 PM

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QUOTE(andrewhtf @ Jun 14 2021, 07:42 PM)
as i said, it is estimated FOR ME. orang lain saya tatau and takesah.
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thumbup.gif

Dun make the same mistakes like Sgore elders... retired early, duduk tunggu tunggu but still flex.gif , then savings depleted, then gotta go back 2 work ar ripe old age,... wrong 🧮 !

My take is carry on working until u cannot. That’s d safest! cry.gif

This post has been edited by TiramisuCoffee: Jun 14 2021, 07:51 PM
andrewhtf
post Jun 14 2021, 08:02 PM

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QUOTE(TiramisuCoffee @ Jun 14 2021, 07:50 PM)
thumbup.gif

Dun make the same mistakes like Sgore elders... retired early, duduk tunggu tunggu  but still  flex.gif , then savings depleted,  then gotta go back 2 work ar ripe old age,... wrong 🧮 !

My take is carry on working until u cannot. That’s d safest!  cry.gif
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got ppl mau kasi kerja then ok lah...
potatobanana
post Jun 14 2021, 08:02 PM

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how about inflation?
mickeysew814
post Jun 14 2021, 08:04 PM

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last time i counted, 4 mil, to have a decent retirement and left some for kids.
mickeysew814
post Jun 14 2021, 08:07 PM

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QUOTE(max_cavalera @ Jun 14 2021, 04:20 PM)
Congrats
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uncle kucing, u r back.
ah_suknat
post Jun 14 2021, 08:08 PM

whoooooooooooooop
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QUOTE(fath82 @ Jun 14 2021, 11:39 AM)
That only the soft limit, once you reach 200k the limit will become 400k
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Huh?
accitzone
post Jun 14 2021, 08:08 PM

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QUOTE(lamer2000 @ Jun 14 2021, 03:51 PM)
Apa passive investment that give u 5%. Dream lah if fd gives u that
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TS oredi stated. EPF.
Capt. Marble
post Jun 14 2021, 08:09 PM

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Wah lots of well to do people here. Can see you guys are doing quite above average. Congratz and keep it up!
pandah
post Jun 14 2021, 08:18 PM

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For me is enough cuz i minimalist 90% of the time.
Bootout22
post Jun 14 2021, 08:24 PM

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QUOTE(eddyooi @ Jun 14 2021, 03:49 PM)
1 mil leave in epf or any generating interest
calculation:
1 mil = 5%@ rm50k per year rm4k per month passive .... this money can leave it to compound interest (A)

1 mil to spend ... assumption no interest (B)

i million bahagi 12 months bahagi 20 years = rm4166 per month
so easy to retire with such amount
emergency can use the funds from[B] A[/B] to tambah.
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true if you like living average, ie 2 storey terrace house in outskirt, used toyota camry etc.
if you want to live in opulence its 20 mil minimum
Zenph
post Jun 14 2021, 08:43 PM

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QUOTE(New Klang @ Jun 14 2021, 05:39 PM)
Penipu scammer
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What makes u think im a liar? sad.gif

QUOTE(mickeysew814 @ Jun 14 2021, 08:04 PM)
last time i counted, 4 mil, to have a decent retirement and left some for kids.
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Solid but how old are you?

This post has been edited by Zenph: Jun 14 2021, 08:44 PM
tikaram
post Jun 14 2021, 08:56 PM

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QUOTE(andrewhtf @ Jun 14 2021, 06:43 PM)
means he dunno how or where to spend his time is it?

actually there are many things can be done even from the comfort of home. just that whether he want to do or not only

for me i would alternate between read books/manga/comics/manhuas/webnovels (yes there are endless to read), play computer games and just chase drama/movies. i can live with the monotony 24/7/365 no issue. the only thing stopping me is no money.

let's not even talk about picking up skills.
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You quote based on theory?

Ayam friends retired AT 40+ Already done the list above la.
Slowpokeking
post Jun 14 2021, 08:57 PM

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You got account in inflation or not?
ozak
post Jun 14 2021, 09:00 PM

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QUOTE(kons @ Jun 14 2021, 06:03 PM)
i will retire if my passive income from rental reach 10k

maybe i gotta save because 10k is not much.
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10k is more than enough even for 2.

When getting old, you don’t use that much money.

Make sure have enough insurance to cover your medical and health.
notadupe999
post Jun 14 2021, 09:01 PM

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Enough if I didn't have kids.
James1983
post Jun 14 2021, 09:04 PM

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QUOTE(ozak @ Jun 14 2021, 09:00 PM)
10k is more than enough even for 2.

When getting old, you don’t use that much money.

Make sure have enough insurance to cover your medical and health.
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Depend on the lifestyle you want.

When I’m old, I want to travel the world whenever I like

Like this quarter fly to Paris with wife (at least business class, since so old d), next quarter fly to visit kids studying in overseas etc.

Those cost quite a bit
ozak
post Jun 14 2021, 09:13 PM

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QUOTE(James1983 @ Jun 14 2021, 09:04 PM)
Depend on the lifestyle you want.

When I’m old, I want to travel the world whenever I like

Like this quarter fly to Paris with wife (at least business class, since so old d), next quarter fly to visit kids studying in overseas etc.

Those cost quite a bit
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This is enough for middle class people. Even can holiday every yrs. Not a problem.

If you want above average, than 10mil also not enough. And nothing is enough.
tikaram
post Jun 14 2021, 09:13 PM

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QUOTE(New Klang @ Jun 14 2021, 05:13 PM)
I target my epf to be 2 million by 60.

I still need to work to earn for my kids university, my first conti car,  my first Rolex, my first bitcoin
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Now Buy la One of Your 3 list.

U deserve It ma. Work so HARD.
MGM
post Jun 14 2021, 09:18 PM

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QUOTE(thexs @ Jun 14 2021, 06:27 PM)
VWRA, SWRD, VUSA, etc can give around 8%
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Some years there will be losses right? What is the average over the last 20 years?

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