Welcome Guest ( Log In | Register )

13 Pages « < 2 3 4 5 6 > » Bottom

Outline · [ Standard ] · Linear+

> 2 mil more than enough to retire

views
     
utellme
post Jun 14 2021, 05:07 PM

Enthusiast
*****
Senior Member
894 posts

Joined: May 2005
QUOTE(scorgio @ Jun 14 2021, 04:22 PM)
2mil leave in EPF.
Assume 4.5% interest, u get 90k interest a year, avg 7.5k/mth.

Apply for a standing instruction for EPF to transfer RM7.5k to ur bank account every mth.

Basically u're just spending interest without touching the capital.
*
This is my case if with EPF 2 Mil saving started with RM6K monthly expenses.


Attached thumbnail(s)
Attached Image
heavensea
post Jun 14 2021, 05:08 PM

Look at all my stars!!
*******
Senior Member
9,444 posts

Joined: Dec 2013
QUOTE(eddyooi @ Jun 14 2021, 04:05 PM)
that is for najib livestyle

normal ppl no need 20k

now max i spend also 7k per month....maxx mostly 4-5k can settle nia
*
K average income = 20k
Save 41.7 years to get 5m
New Klang
post Jun 14 2021, 05:10 PM

Look at all my stars!!
*******
Senior Member
4,470 posts

Joined: Dec 2010
QUOTE(ukauka2020 @ Jun 14 2021, 05:03 PM)
actually if we manage to save up 1 to 2m by 50s 60s. i think thats too late. in the process do we enjoy? or being really thrifty af. buy 1st conti when im 50? man, thats not the life i want.
*
You can guess how long you live?


arsenwagon
post Jun 14 2021, 05:10 PM

all ur bass are belong to usa
*******
Senior Member
2,227 posts

Joined: Mar 2006
From: cheras



QUOTE(KineticKill @ Jun 14 2021, 04:22 PM)
As of now 1 mil is within sight already. I’m still in my thirties, still got time.

What’s important is we have enough and being grateful.
*
u pharmacist or loktor ?

how to earn so much like jew
arsenwagon
post Jun 14 2021, 05:13 PM

all ur bass are belong to usa
*******
Senior Member
2,227 posts

Joined: Mar 2006
From: cheras



QUOTE(ukauka2020 @ Jun 14 2021, 05:03 PM)
actually if we manage to save up 1 to 2m by 50s 60s. i think thats too late. in the process do we enjoy? or being really thrifty af. buy 1st conti when im 50? man, thats not the life i want.
*
buy conti u will feel very happy meh

maybe first year or two or three u will feel banggala till next model coems out
TSeddyooi
post Jun 14 2021, 05:13 PM

Getting Started
**
Junior Member
75 posts

Joined: Sep 2013
QUOTE(arsenwagon @ Jun 14 2021, 05:10 PM)
u pharmacist or loktor ?

how to earn so much like jew
*
dr only specilist can make it

pharmacist? salary high meh? just pack ubat at hospital
heavensea
post Jun 14 2021, 05:14 PM

Look at all my stars!!
*******
Senior Member
9,444 posts

Joined: Dec 2013
I guess it's mco problem
All talk about money kaolin?
For instance, mco got money got use?
Don't lj pattern, be happy and remember how happy you were before you became so called adult.
Don't knn your life and became one of the knn person in this knn world.
arsenwagon
post Jun 14 2021, 05:15 PM

all ur bass are belong to usa
*******
Senior Member
2,227 posts

Joined: Mar 2006
From: cheras



QUOTE(eddyooi @ Jun 14 2021, 05:13 PM)
dr only specilist can make it

pharmacist? salary high meh? just pack ubat at hospital
*

if open GP can avangelice
If open pharmacy can also maybe


This post has been edited by arsenwagon: Jun 14 2021, 05:16 PM
New Klang
post Jun 14 2021, 05:16 PM

Look at all my stars!!
*******
Senior Member
4,470 posts

Joined: Dec 2010
QUOTE(sjteh @ Jun 14 2021, 05:07 PM)
I wish too,
Hopefully can 1M48 (1M age 48)
*
Don't withdraw for house / unit trust/ isinar?
arsenwagon
post Jun 14 2021, 05:17 PM

all ur bass are belong to usa
*******
Senior Member
2,227 posts

Joined: Mar 2006
From: cheras



QUOTE(heavensea @ Jun 14 2021, 05:14 PM)
I guess it's mco problem
All talk about money kaolin?
For instance, mco got money got use?
Don't lj pattern, be happy and remember how happy you were before you became so called adult.
Don't knn your life and became one of the knn person in this knn world.
*
I think it's true. Before you were an adult you were a penniless kid.... Can't help u with the kiddie looks but I can help u with the penniless part.
doppatroll
post Jun 14 2021, 05:17 PM

Enthusiast
*****
Junior Member
899 posts

Joined: Sep 2013
that if you stay neutral and buy things that you need and not want....but given today standard it will never be enough no matter how much you have
kelvinlym
post Jun 14 2021, 05:22 PM

Yes, that was my car.
*****
Senior Member
999 posts

Joined: Jun 2007
From: Kuala Lumpur


Use rule of 25 is better.

Annual expenses x 25=Total investments needed to retire now assuming no increase in living expenses.

RM50k x 25 = RM1.25 million

I prefer to give a safety factor of 2, meaning x50 instead.
Zenph
post Jun 14 2021, 05:24 PM

Getting Started
**
Junior Member
288 posts

Joined: Apr 2020
QUOTE(mousqy @ Jun 14 2021, 04:08 PM)
with stable coins you can get 5% APY
*
dont share secret la
Zenph
post Jun 14 2021, 05:31 PM

Getting Started
**
Junior Member
288 posts

Joined: Apr 2020
3 Million holdings and I'm 25. Gunning for 10M when i'm 30 and I'll sao tong
utellme
post Jun 14 2021, 05:31 PM

Enthusiast
*****
Senior Member
894 posts

Joined: May 2005
QUOTE(doppatroll @ Jun 14 2021, 05:17 PM)
that if you stay neutral and buy things that you need and not want....but given today standard it will never be enough no matter how much you have
*
Wise saying. thumbup.gif
Currylaksa
post Jun 14 2021, 05:31 PM

Regular
******
Senior Member
1,597 posts

Joined: Aug 2010


Unless you godlike investor, inflation will still kill
tikaram
post Jun 14 2021, 05:37 PM

10k Club
********
All Stars
10,490 posts

Joined: Nov 2011

My Friend now retired He said very boring wo.

Monthly passive income Rm8k But only spend Rm4k mco only stay home.

So How ya?


encikbuta
post Jun 14 2021, 05:37 PM

Getting Started
**
Junior Member
239 posts

Joined: May 2020
From: Kuala Lumpur


QUOTE(kelvinfixx @ Jun 14 2021, 03:59 PM)
The problem is how to get 2 million, 1 million in EPF is very very hard to achieve.
*
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.


Attached thumbnail(s)
Attached Image
scorgio
post Jun 14 2021, 05:39 PM

Look at all my stars!!
*******
Senior Member
4,274 posts

Joined: Jan 2005


QUOTE(eddyooi @ Jun 14 2021, 04:25 PM)
epf will issue the SI?

problem is how to dump in the extra rm1 mil to the existing rm1 mil now/?  or else just dump all money into epf easy
*
U can apply for automatic monthly withdrawal at EPF counter.

U can only self contribute max 60k/yr.

But if u own a business, how much u want to contribute monthly is up to u. Last time (b4 online submission mandatory) while queuing in front of the kiosk, the person in front of me, the form only 3 names, cheque amount 52k!
New Klang
post Jun 14 2021, 05:39 PM

Look at all my stars!!
*******
Senior Member
4,470 posts

Joined: Dec 2010
QUOTE(Zenph @ Jun 14 2021, 05:31 PM)
3 Million holdings and I'm 25. Gunning for 10M when i'm 30 and I'll sao tong
*
Penipu scammer

13 Pages « < 2 3 4 5 6 > » Top
 

Change to:
| Lo-Fi Version
0.0214sec    0.68    6 queries    GZIP Disabled
Time is now: 25th September 2021 - 11:45 AM