QUOTE(eddyooi @ Jun 14 2021, 04:01 PM)
Well at what age is the target for 1 million in EPF for working class?2 mil more than enough to retire
2 mil more than enough to retire
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Jun 15 2021, 12:57 AM
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#161
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Senior Member
1,935 posts Joined: Jan 2013 |
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Jun 15 2021, 08:00 AM
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1,064 posts Joined: Aug 2014 |
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Jun 15 2021, 08:19 AM
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1,501 posts Joined: Sep 2011 |
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Jun 15 2021, 08:22 AM
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All Stars
10,604 posts Joined: Jan 2003 From: Sarawak |
ur epf 1 mil, ur asset 1 mil. ur saving 1mil shud be enuf to retire comfortably.
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Jun 15 2021, 08:36 AM
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Junior Member
268 posts Joined: Jun 2006 From: JB |
QUOTE(encikbuta @ Jun 14 2021, 05:37 PM) This comment quite interesting. If take the following scenario: why would the interest compound 12 time annually? EPF is annual dividend payout, right?- EPF start from zero at 25 yrs old - Working Years: 35 years (from 25 - 60 yrs old) - Monthly Salary: RM4,000 all the way (assume all crap employer) - Monthly EPF contribution: RM920 (11% employee and 12% employer) - EPF annual interest rate: 5% I put this all into the moneychimp compound calculator here and it spits out RM1mil at 60 yrs old. So it's quite doable, yea? Janji dun take out anything from EPF in the 35 years. |
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Jun 15 2021, 08:39 AM
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All Stars
13,563 posts Joined: May 2015 |
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Jun 15 2021, 08:44 AM
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#167
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108 posts Joined: Mar 2017 |
My wife and I both M40 kuli, both of us are on track to have RM1mil in EPF between 50-55 years old depending on bonus and increment %
With no kids, no debt, unlimited lifetime limit medical card means we can retire very comfortably with RM1mil each in our EPF + RM1mil investment portfolio in stocks and ETF |
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Jun 15 2021, 08:58 AM
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#168
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All Stars
11,570 posts Joined: Oct 2010 |
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Jun 15 2021, 09:05 AM
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#169
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Junior Member
128 posts Joined: Jun 2012 |
House gonna be 1 million soon. So you need 3 million earning Even ktard 20k need 13 years to achieve. Eat cup noodle and spend on nothing else. Good luck those in wagie cage. This post has been edited by GHBZDK: Jun 15 2021, 09:06 AM bearbearwong liked this post
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Jun 15 2021, 09:08 AM
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Junior Member
371 posts Joined: Nov 2006 |
QUOTE(prophetjul @ Jun 15 2021, 08:58 AM) Properties yes. But not physical properties. Return on physical properties is too low in Msia. Plus not worth the tenant hassle. Mind asking .. properties yes but not physical properties? What does that mean since you have stated not worth cos of tenant hassle. ThanksSREITs. |
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Jun 15 2021, 09:12 AM
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#171
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Junior Member
364 posts Joined: May 2009 |
It depends on the lifestyle that you want. If no melancong, eat cukup-cukup etc....more than enough
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Jun 15 2021, 09:15 AM
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#172
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All Stars
11,570 posts Joined: Oct 2010 |
QUOTE(KronenZerg @ Jun 15 2021, 09:08 AM) Mind asking .. properties yes but not physical properties? What does that mean since you have stated not worth cos of tenant hassle. Thanks SREITs? These are Real Estate Investment Trust listed on stock exchanges.They pay a pretty dividend from the rentals of properties that they own. Or you own through your share holdings. Here https://forum.lowyat.net/topic/2504121 This post has been edited by prophetjul: Jun 15 2021, 09:19 AM |
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Jun 15 2021, 09:26 AM
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Junior Member
455 posts Joined: Dec 2010 |
With inflation coming, not possible.
Unless it is $2 mil USD (not MYR) |
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Jun 15 2021, 09:28 AM
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#174
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Junior Member
623 posts Joined: Jan 2011 From: Lobang Batu |
QUOTE(eddyooi @ Jun 14 2021, 03:49 PM) 1 mil leave in epf or any generating interest Meanwhile, in 30 yrs, ur roti will cost u RM4000 sebijikcalculation: 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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Jun 15 2021, 09:29 AM
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Junior Member
371 posts Joined: Nov 2006 |
QUOTE(prophetjul @ Jun 15 2021, 09:15 AM) SREITs? These are Real Estate Investment Trust listed on stock exchanges. Thank you. I am newbie investment. So you purchase these in normal KLCI or STI?They pay a pretty dividend from the rentals of properties that they own. Or you own through your share holdings. Here https://forum.lowyat.net/topic/2504121 If i want to start investing on SREITs, where or how do i start? Thanks |
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Jun 15 2021, 09:30 AM
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#176
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Junior Member
113 posts Joined: May 2019 |
QUOTE(eddyooi @ Jun 13 2021, 09:49 PM) 1 mil leave in epf or any generating interest That depend your retirement age. If you got 3mil at age 30? Or 2mil at age 60? Make alot diffcalculation: 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. Just my 2cent |
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Jun 15 2021, 09:30 AM
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Junior Member
151 posts Joined: Jul 2006 |
dun said 2 million lah, got money to survive oredi happy loh bearbearwong liked this post
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Jun 15 2021, 09:33 AM
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#178
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All Stars
11,570 posts Joined: Oct 2010 |
QUOTE(KronenZerg @ Jun 15 2021, 09:29 AM) Thank you. I am newbie investment. So you purchase these in normal KLCI or STI? I am in SG REITs, Malaysian. There are some in Malaysia. But SG has more diverse types. If i want to start investing on SREITs, where or how do i start? Thanks Go read the thread in the link. There are many seasoned investors there. |
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Jun 15 2021, 09:44 AM
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Junior Member
164 posts Joined: Nov 2015 |
your so called 2m. ur lucky if 20 years later worth 200k
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Jun 15 2021, 09:47 AM
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Junior Member
304 posts Joined: Nov 2012 |
QUOTE(Ron2828 @ Jun 15 2021, 08:44 AM) My wife and I both M40 kuli, both of us are on track to have RM1mil in EPF between 50-55 years old depending on bonus and increment % Who push your wheelchair when you oldWith no kids, no debt, unlimited lifetime limit medical card means we can retire very comfortably with RM1mil each in our EPF + RM1mil investment portfolio in stocks and ETF |
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