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 2 mil more than enough to retire

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clamp_wl
post Jun 15 2021, 12:57 AM

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QUOTE(eddyooi @ Jun 14 2021, 04:01 PM)
majority of us working class can achieve it bro
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Well at what age is the target for 1 million in EPF for working class?
N9484640
post Jun 15 2021, 08:00 AM

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if not enuff, just photoshop like me.....




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kelvinfixx
post Jun 15 2021, 08:19 AM

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QUOTE(clamp_wl @ Jun 15 2021, 12:57 AM)
Well at what age is the target for 1 million in EPF for working class?
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65
ben3003
post Jun 15 2021, 08:22 AM

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ur epf 1 mil, ur asset 1 mil. ur saving 1mil shud be enuf to retire comfortably.
homicidal85
post Jun 15 2021, 08:36 AM

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QUOTE(encikbuta @ Jun 14 2021, 05:37 PM)
This comment quite interesting. If take the following scenario:
- 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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why would the interest compound 12 time annually? EPF is annual dividend payout, right?
ClarenceT
post Jun 15 2021, 08:39 AM

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Can consider Reverse Mortgage.

https://www.edgeprop.my/content/1847246/cag...eme-year-report

Ron2828
post Jun 15 2021, 08:44 AM

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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


prophetjul
post Jun 15 2021, 08:58 AM

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QUOTE(Zenph @ Jun 15 2021, 12:10 AM)
How the hell u manage to get 20k passive income?

Rental income?  How many properties you holding
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Properties yes. But not physical properties. Return on physical properties is too low in Msia. Plus not worth the tenant hassle.

SREITs.
GHBZDK
post Jun 15 2021, 09:05 AM

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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
KronenZerg
post Jun 15 2021, 09:08 AM

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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.

SREITs.
*
Mind asking .. properties yes but not physical properties? What does that mean since you have stated not worth cos of tenant hassle. Thanks
tekkaus
post Jun 15 2021, 09:12 AM

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It depends on the lifestyle that you want. If no melancong, eat cukup-cukup etc....more than enough
prophetjul
post Jun 15 2021, 09:15 AM

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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
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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
JohnsonLoi
post Jun 15 2021, 09:26 AM

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With inflation coming, not possible.

Unless it is $2 mil USD (not MYR)
SUSDezs
post Jun 15 2021, 09:28 AM

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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.
*
Meanwhile, in 30 yrs, ur roti will cost u RM4000 sebijik
KronenZerg
post Jun 15 2021, 09:29 AM

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QUOTE(prophetjul @ Jun 15 2021, 09:15 AM)
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
*
Thank you. I am newbie investment. So you purchase these in normal KLCI or STI?
If i want to start investing on SREITs, where or how do i start? Thanks
LowKeras
post Jun 15 2021, 09:30 AM

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QUOTE(eddyooi @ Jun 13 2021, 09:49 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.
*
That depend your retirement age. If you got 3mil at age 30? Or 2mil at age 60? Make alot diff


Just my 2cent

whphon
post Jun 15 2021, 09:30 AM

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dun said 2 million lah, got money to survive oredi happy loh
prophetjul
post Jun 15 2021, 09:33 AM

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QUOTE(KronenZerg @ Jun 15 2021, 09:29 AM)
Thank you. I am newbie investment. So you purchase these in normal KLCI or STI?
If i want to start investing on SREITs, where or how do i start? Thanks
*
I am in SG REITs, Malaysian. There are some in Malaysia. But SG has more diverse types.

Go read the thread in the link. There are many seasoned investors there.
jyll92
post Jun 15 2021, 09:44 AM

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your so called 2m. ur lucky if 20 years later worth 200k
xPrototype
post Jun 15 2021, 09:47 AM

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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 %

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
*
Who push your wheelchair when you old

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