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> 2 mil more than enough to retire

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TSeddyooi
post Jun 14 2021, 03:49 PM, updated 4 months ago

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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.

This post has been edited by eddyooi: Jun 14 2021, 03:51 PM
lamer2000
post Jun 14 2021, 03:51 PM

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Apa passive investment that give u 5%. Dream lah if fd gives u that
hellkvr
post Jun 14 2021, 03:51 PM

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More than enough if you have no comitment. Kalau ada anak dan hutang2 lain tak cukup bro
TSeddyooi
post Jun 14 2021, 03:51 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
*
epf or asb

debonairs91
post Jun 14 2021, 03:52 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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Kesian
redic
post Jun 14 2021, 03:54 PM

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your govt will suck u dried
hoilok
post Jun 14 2021, 03:56 PM

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2million without debt ?
Fenix98
post Jun 14 2021, 03:57 PM

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Xcukup...


fantasy1989
post Jun 14 2021, 03:58 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
*
doh.gif doh.gif doh.gif

---

btw..back to TS questions ..2mil might be enough provided you do not have existing debt and no plan to get anymore commitment (start from now..not 20 30 years later )

Just live normal or sustaining existing lifestyle

And you have enough medical insurance to cover incase shit happen.

This post has been edited by fantasy1989: Jun 14 2021, 04:00 PM
TiramisuCoffee
post Jun 14 2021, 03:58 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.
*
Ehhh, ur RM4k tara Inflation forever... laugh.gif
prophetjul
post Jun 14 2021, 03:58 PM

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No inflation?
Your Rm4166 is not 4166 ten years or twenty years later.
TSeddyooi
post Jun 14 2021, 03:59 PM

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by 50 most of us c40 can retire
kelvinfixx
post Jun 14 2021, 03:59 PM

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The problem is how to get 2 million, 1 million in EPF is very very hard to achieve.
xPrototype
post Jun 14 2021, 04:00 PM

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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.
*
get a girl then manage onlyfans together
TSeddyooi
post Jun 14 2021, 04:01 PM

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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.
*
majority of us working class can achieve it bro
heavensea
post Jun 14 2021, 04:02 PM

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Ts is dead
K will bash ts is naive because their projected money for retired is 10m ringgit.
10m / 20k = 41.7 years
Phoenix_KL
post Jun 14 2021, 04:02 PM

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buy mansion, staff salary.
buy lembugenie.
Model gf RM20k allowance.

not enough.


cempedaklife
post Jun 14 2021, 04:02 PM

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Macam yes
RGRaj
post Jun 14 2021, 04:05 PM

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Assuming u wil live long enuf to enjoy all that .
kelvinfixx
post Jun 14 2021, 04:05 PM

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QUOTE(eddyooi @ Jun 14 2021, 04:01 PM)
majority of us working class can achieve it bro
*
can? 1 million in EPF?
TSeddyooi
post Jun 14 2021, 04:05 PM

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QUOTE(heavensea @ Jun 14 2021, 04:02 PM)
Ts is dead
K will bash ts is naive because their projected money for retired is 10m ringgit.
10m / 20k = 41.7 years
*
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
TSeddyooi
post Jun 14 2021, 04:06 PM

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QUOTE(kelvinfixx @ Jun 14 2021, 04:05 PM)
can? 1 million in EPF?
*
by 55 90% can get it with your annual salary increments and bonus
TiramisuCoffee
post Jun 14 2021, 04:08 PM

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QUOTE(eddyooi @ Jun 14 2021, 04:01 PM)
majority of us working class can achieve it bro
*

Wow!
& U better check with epf bro, c how many % hv savings 2 last till RIP...

Got stats somewhere... last yr i saw ....

High chance majority kena work till drop! mega_shok.gif

That RM4k now= RM400 future easily... whistling.gif
ApocalypseSoon
post Jun 14 2021, 04:08 PM

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Assuming Hyperinflation did not make your retirement $$$ worthless.......
mousqy
post Jun 14 2021, 04:08 PM

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with stable coins you can get 5% APY
kelvinfixx
post Jun 14 2021, 04:09 PM

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QUOTE(eddyooi @ Jun 14 2021, 04:06 PM)
by 55 90% can get it with your annual salary increments and bonus
*
90% is very high, I guess it's just 50% at most.
TSeddyooi
post Jun 14 2021, 04:10 PM

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QUOTE(TiramisuCoffee @ Jun 14 2021, 04:08 PM)
Wow!
& U better check with epf bro, c how many % hv savings 2 last till RIP...

Got stats somewhere... last yr i saw ....

High chance majority kena work till drop!  mega_shok.gif

That RM4k now= RM400 future easily...  whistling.gif
*
not so bad la


rm4k now maybe rm3k in 20 yrs
KineticKill
post Jun 14 2021, 04:10 PM

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QUOTE(kelvinfixx @ Jun 14 2021, 08:59 AM)
The problem is how to get 2 million, 1 million in EPF is very very hard to achieve.
*
Not really.

My current salary income alone, minus other incomes would net me ~2.2 mil by the time I’m 60 at interest rate of 5%, assuming my salary is stagnant at the current level.

The thing is, my salary is not stagnant.

2 mil is doable.
TSeddyooi
post Jun 14 2021, 04:11 PM

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QUOTE(KineticKill @ Jun 14 2021, 04:10 PM)
Not really.

My current salary income alone, minus other incomes would net me ~2.2 mil by the time I’m 60 at interest rate of 5%, assuming my salary is stagnant at the current level.

The thing is, my salary is not stagnant.

2 mil is doable.
*
u must be earning rm15k/m now rite?
James1983
post Jun 14 2021, 04:12 PM

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What if… ringgit devalues significantly in the next ten years?

e.g. Turkish lira went from
1 USD = 1.18 lira in 2008 to
1 USD = 8.30 lira in 2020
In a span of less than 12 years

Your RM2 million asset in asb or epf also GG

This post has been edited by James1983: Jun 14 2021, 04:15 PM
New Klang
post Jun 14 2021, 04:13 PM

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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
TSeddyooi
post Jun 14 2021, 04:15 PM

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QUOTE(New Klang @ Jun 14 2021, 04:13 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
*
after 60 a bit too old nia

try 50
KineticKill
post Jun 14 2021, 04:15 PM

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QUOTE(eddyooi @ Jun 14 2021, 09:11 AM)
u must be earning rm15k/m now rite?
*
Few k’s lower than that for salary
greyPJ
post Jun 14 2021, 04:15 PM

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talk kok only 2m

you have 50k cash now?
9m2w
post Jun 14 2021, 04:16 PM

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QUOTE(KineticKill @ Jun 14 2021, 04:15 PM)
Few k’s lower than that for salary
*
How much in dividend after your draw a salary from your company tongue.gif
KineticKill
post Jun 14 2021, 04:17 PM

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QUOTE(James1983 @ Jun 14 2021, 09:12 AM)
What if… ringgit devalues significantly in the next ten years?

e.g. Turkish lira went from
1 USD = 1.18 lira in 2008 to
1 USD = 8.30 lira in 2020
In a span of less than 12 years

Your RM2 million asset in asb or epf also GG
*
What if…tomorrow never comes?
New Klang
post Jun 14 2021, 04:17 PM

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QUOTE(eddyooi @ Jun 14 2021, 04:15 PM)
after 60 a bit too old nia

try 50
*
I am 50.

My epf is 1m.

KineticKill
post Jun 14 2021, 04:17 PM

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QUOTE(9m2w @ Jun 14 2021, 09:16 AM)
How much in dividend after your draw a salary from your company  tongue.gif
*
Salary is not from company.

Dividend on the other hand 🤫
TSeddyooi
post Jun 14 2021, 04:18 PM

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QUOTE(KineticKill @ Jun 14 2021, 04:15 PM)
Few k’s lower than that for salary
*
dont worry

should reach it with annual salary increment... once above 15k, easy to hit 1 mil in epf already
BuncitPesonawan
post Jun 14 2021, 04:18 PM

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nasib baik dah simpan btc dari 2017
max_cavalera
post Jun 14 2021, 04:20 PM

rebirth
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QUOTE(New Klang @ Jun 14 2021, 05:17 PM)
I am 50.

My epf is 1m.
*
Congrats
TiramisuCoffee
post Jun 14 2021, 04:20 PM

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QUOTE(James1983 @ Jun 14 2021, 04:12 PM)
What if… ringgit devalues significantly in the next ten years?

e.g. Turkish lira went from
1 USD = 1.18 lira in 2008 to
1 USD = 8.30 lira in 2020
In a span of less than 12 years

Your RM2 million asset in asb or epf also GG
*
Talk of hyperinflation otw. Tenkiu US! notworthy.gif
TSeddyooi
post Jun 14 2021, 04:22 PM

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QUOTE(New Klang @ Jun 14 2021, 04:17 PM)
I am 50.

My epf is 1m.
*
salary now must be rm17k rite?
scorgio
post Jun 14 2021, 04:22 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.
*
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.
KineticKill
post Jun 14 2021, 04:22 PM

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QUOTE(eddyooi @ Jun 14 2021, 09:18 AM)
dont worry

should reach it with annual salary increment... once above 15k, easy to hit 1 mil in epf already
*
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.
James1983
post Jun 14 2021, 04:23 PM

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QUOTE(TiramisuCoffee @ Jun 14 2021, 04:20 PM)
Talk of hyperinflation otw. Tenkiu US!  notworthy.gif
*
Once US starts to tighten their monetary policy, i.e. reduce their money printing speed/roll back the easing, like they did in 2014-2015, ringgit will plummet again.

TSeddyooi
post Jun 14 2021, 04:25 PM

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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.
*
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
New Klang
post Jun 14 2021, 04:30 PM

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QUOTE(eddyooi @ Jun 14 2021, 04:22 PM)
salary now must be rm17k rite?
*
6k.

I started working from young and saved
TSeddyooi
post Jun 14 2021, 04:35 PM

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QUOTE(New Klang @ Jun 14 2021, 04:30 PM)
6k.

I started working from young and saved
*
respect
prophetjul
post Jun 14 2021, 04:35 PM

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QUOTE(New Klang @ Jun 14 2021, 04:13 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
*
I am already there. biggrin.gif

Without the Rolex.
New Klang
post Jun 14 2021, 04:45 PM

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QUOTE(prophetjul @ Jun 14 2021, 04:35 PM)
I am already there.  biggrin.gif

Without the Rolex.
*
Congratulations

Buy the cheapest Rolex to humblebrag here
prophetjul
post Jun 14 2021, 04:49 PM

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QUOTE(New Klang @ Jun 14 2021, 04:45 PM)
Congratulations

Buy the cheapest Rolex to humblebrag here
*
No interest in Rolex.

Just want to travel and travel. But now....... cry.gif O
New Klang
post Jun 14 2021, 04:51 PM

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QUOTE(prophetjul @ Jun 14 2021, 04:49 PM)
No interest in Rolex.

Just want to travel and travel. But now....... cry.gif O
*
You travel on luxury or thrifty budget?
kolamazu
post Jun 14 2021, 04:53 PM

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can try using EPF projection with your current salary and a little variable to know by when you can achieve 1 mil or when you retire.
prophetjul
post Jun 14 2021, 04:53 PM

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QUOTE(New Klang @ Jun 14 2021, 04:51 PM)
You travel on luxury or thrifty budget?
*
Depending. Sometimes thrift. Sometimes biz class
Matchy
post Jun 14 2021, 04:56 PM

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by compounding interest in epf, you can accumulate quite a sum when you retire. thats why im quite worry for those that withdraw isinar.
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post Jun 14 2021, 04:56 PM

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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.
*
Can one if you start when you are 20 and you don't touch it at all.

Issue with EPF is talk for retirement, but given loads of caveats to withdraw it last last wonder why not enough for retirement.
ListenToTheWind
post Jun 14 2021, 04:57 PM

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2million might sound like lot but it's not so much 20 years later.
For those who are 20 yo and aim for 2 million by their 50yo, better you set a higher target.
ukauka2020
post Jun 14 2021, 05:03 PM

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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.
sjteh
post Jun 14 2021, 05:07 PM

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QUOTE(New Klang @ Jun 14 2021, 04:17 PM)
I am 50.

My epf is 1m.
*
I wish too,
Hopefully can 1M48 (1M age 48)
utellme
post Jun 14 2021, 05:07 PM

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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.


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heavensea
post Jun 14 2021, 05:08 PM

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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

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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

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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
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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

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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

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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
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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

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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
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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

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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

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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

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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

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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

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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

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

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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

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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.


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scorgio
post Jun 14 2021, 05:39 PM

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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

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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
arsenwagon
post Jun 14 2021, 05:41 PM

all ur bass are belong to usa
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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
*
i holding few billions








of shitcoins

arsenwagon
post Jun 14 2021, 05:42 PM

all ur bass are belong to usa
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QUOTE(New Klang @ Jun 14 2021, 05:39 PM)
Penipu scammer
*
bersangka baik beliau use angpau money to buy bitcoin 10 years ago
when other teenagers buyin g prawn , this champ used it to pour into bitcoin
andrewhtf
post Jun 14 2021, 05:43 PM

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QUOTE(tikaram @ Jun 14 2021, 05:37 PM)
My Friend now retired He said very boring wo.

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

So How ya?
*
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.
KineticKill
post Jun 14 2021, 05:50 PM

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QUOTE(arsenwagon @ Jun 14 2021, 10:10 AM)
u pharmacist or loktor ?

how to earn so much like jew
*
Pharmacist.

Set up specialised pharmaceutical companies: R&D, wholesale, import/export. Salaried income can do research and teaching.
KineticKill
post Jun 14 2021, 05:51 PM

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QUOTE(eddyooi @ Jun 14 2021, 10:13 AM)
dr only specilist can make it

pharmacist? salary high meh? just pack ubat at hospital
*
Not wrong, if you just pack ubat at hospital. Pharmacists can do a lot more yo.
Drian
post Jun 14 2021, 05:56 PM

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1 cataract eye surgery 20k .... your half year income gone
Air cond breakdonwn need to change - 1 month income gone
roof leaking need to fix - half month income gone.
Apartment maintainence fee:- 1 year rm3000, 1 month income gone.

Car breakdown - half month income gone.

What I realise is all these don't consider one off big expenses that will happen year after year.




This post has been edited by Drian: Jun 14 2021, 05:58 PM
KineticKill
post Jun 14 2021, 06:00 PM

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QUOTE(Drian @ Jun 14 2021, 10:56 AM)
1 cataract eye surgery 20k .... your half year income gone
Air cond breakdonwn need to change - 1 month income gone
roof leaking need to fix - half month income gone.
Apartment maintainence fee:- 1 year rm3000, 1 month income gone.

Car breakdown - half month income gone.

What I realise is all these  don't consider one off big expenses that will happen year after year.
*
3k monthly is rookie number yo. You gotta pump up that number.
ah_suknat
post Jun 14 2021, 06:00 PM

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QUOTE(eddyooi @ Jun 14 2021, 07:51 AM)
epf or asb
*
Asb only 200k limit, anything after that slow2 compound itself
ah_suknat
post Jun 14 2021, 06:01 PM

whoooooooooooooop
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QUOTE(andrewhtf @ Jun 14 2021, 09:43 AM)

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.
*
How much money needed?
kons
post Jun 14 2021, 06:03 PM

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i will retire if my passive income from rental reach 10k

maybe i gotta save because 10k is not much.
msacras
post Jun 14 2021, 06:04 PM

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QUOTE(prophetjul @ Jun 14 2021, 03:58 PM)
No inflation?
Your Rm4166 is not 4166 ten years or twenty years later.
*
In just less than a decade, we goes from under RM2k for top GPU to today's under RM10k rolleyes.gif

In year 2030, may be RM50k cards are norm.
romuluz777
post Jun 14 2021, 06:13 PM

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QUOTE(eddyooi @ Jun 14 2021, 05:01 PM)
majority of us working class can achieve it bro
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Yes, for 48,087 out of 7.6 million contributors as of 2019.

prophetjul
post Jun 14 2021, 06:14 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.
*
True. 10k is not really a lot.
I am at passive income of 20k and i am still working at 59.
ukauka2020
post Jun 14 2021, 06:15 PM

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QUOTE(arsenwagon @ Jun 14 2021, 05:13 PM)
buy conti u will feel very happy meh

maybe first year or two or three u will feel banggala till next model coems out
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at least got sth to play with. if not put in bank see numbers until gg meh.
kelvinfixx
post Jun 14 2021, 06:15 PM

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All your projection is optimistic by 40-50%
nelienuxe_sara
post Jun 14 2021, 06:18 PM

noob im ur father
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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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inb4 ASB
ukauka2020
post Jun 14 2021, 06:18 PM

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QUOTE(New Klang @ Jun 14 2021, 05:10 PM)
You can guess how long you live?
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har? what you mean. what im saying is if our whole life keep saving. until 50 only start spending, a bit sad isnt it.
zenix
post Jun 14 2021, 06:18 PM

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QUOTE(fantasy1989 @ Jun 14 2021, 03:58 PM)
doh.gif  doh.gif  doh.gif

---

btw..back to TS questions ..2mil might be enough provided you do not have existing debt and no plan to get anymore commitment (start from now..not 20 30 years later )

Just live normal or sustaining existing lifestyle

And you have enough medical insurance to cover incase shit happen.
*
if ts no insurance/medical cover

user posted image
bigmac999
post Jun 14 2021, 06:24 PM

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2mil is peanuts in this time with inflation keeps going up
lamer2000
post Jun 14 2021, 06:25 PM

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QUOTE(nelienuxe_sara @ Jun 14 2021, 06:18 PM)
inb4 ASB
*
Lol, as if everyone can join. And even then, available units are hard to come by
jojolicia
post Jun 14 2021, 06:26 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.
*
If no char-siew, terung cucumber leeching under your ketiak, i agree to to your mathematic.

This post has been edited by jojolicia: Jun 14 2021, 06:27 PM
thexs
post Jun 14 2021, 06:27 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
*
VWRA, SWRD, VUSA, etc can give around 8%
cringe
post Jun 14 2021, 06:28 PM

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QUOTE(KineticKill @ Jun 14 2021, 05:50 PM)
Pharmacist.

Set up specialised pharmaceutical companies: R&D, wholesale, import/export. Salaried income can do research and teaching.
*
Since you are working as Pharmacist, open own pharmacy shop is can get good profit compared to working as salaried people?
cmk96
post Jun 14 2021, 06:29 PM

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QUOTE(Drian @ Jun 14 2021, 05:56 PM)
1 cataract eye surgery 20k .... your half year income gone
Air cond breakdonwn need to change - 1 month income gone
roof leaking need to fix - half month income gone.
Apartment maintainence fee:- 1 year rm3000, 1 month income gone.

Car breakdown - half month income gone.

What I realise is all these  don't consider one off big expenses that will happen year after year.
*
No medical expenses? probably have high blood, diabetic or high cholesterol at old age.

cucu-cicik kahwin.... hv to give angpow or gold too.... biggrin.gif biggrin.gif


Sum Ting Wong
post Jun 14 2021, 06:30 PM

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If retire in Malaysia, 2 millions more than enough.
fantasy1989
post Jun 14 2021, 06:30 PM

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QUOTE(zenix @ Jun 14 2021, 06:18 PM)
if ts no insurance/medical cover

user posted image
*
no insurance if detect cancer then just create fake accident to claim life insurance *for his child*
arsenwagon
post Jun 14 2021, 06:34 PM

all ur bass are belong to usa
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QUOTE(KineticKill @ Jun 14 2021, 05:50 PM)
Pharmacist.

Set up specialised pharmaceutical companies: R&D, wholesale, import/export. Salaried income can do research and teaching.
*
Marehsia do r&d ok meh
We got high tech neighbour and cheaper ones too...

Anyway great that u found niche.community retail pharmacist open shop cannot reach /k standard ah.

This post has been edited by arsenwagon: Jun 14 2021, 06:35 PM
focusrite
post Jun 14 2021, 06:42 PM

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QUOTE(KineticKill @ Jun 14 2021, 04:10 PM)
Not really.

My current salary income alone, minus other incomes would net me ~2.2 mil by the time I’m 60 at interest rate of 5%, assuming my salary is stagnant at the current level.

The thing is, my salary is not stagnant.

2 mil is doable.
*
You are not the norm though

Most Malaysians can't even write in English like you
heaven
post Jun 14 2021, 06:53 PM

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It's pretty much if you can't retire meaningfully, might as well retire life i guess.
aspartame
post Jun 14 2021, 07:08 PM

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QUOTE(Drian @ Jun 14 2021, 05:56 PM)
1 cataract eye surgery 20k .... your half year income gone
Air cond breakdonwn need to change - 1 month income gone
roof leaking need to fix - half month income gone.
Apartment maintainence fee:- 1 year rm3000, 1 month income gone.

Car breakdown - half month income gone.

What I realise is all these  don't consider one off big expenses that will happen year after year.
*
Cataract 4k max...
rainy~days
post Jun 14 2021, 07:13 PM

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For /k/ standard... Need 10mill...
Juan86
post Jun 14 2021, 07:21 PM

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user posted image

hello
KineticKill
post Jun 14 2021, 07:21 PM

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QUOTE(cringe @ Jun 14 2021, 11:28 AM)
Since you are working as Pharmacist, open own pharmacy shop is can get good profit compared to working as salaried people?
*
Pharmacy shop is just like any other businesses, got untung got rugi. Until dispensing separation is achieved, that level of specialisation will not be there, just playing with margin. Good businesspeople with decent luck would excel here.

Salaried pharmacist on the other hand, is quite stable income. Now that there’s no longer guaranteed permanent job with the govt, job market is flooded with unemployed/almost unemployed pharmacists. Specialisation would be the only way up.
KineticKill
post Jun 14 2021, 07:24 PM

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QUOTE(arsenwagon @ Jun 14 2021, 11:34 AM)
Marehsia do r&d ok meh
We got high tech neighbour and cheaper ones too...

Anyway great that u found niche.community retail pharmacist open shop cannot reach /k standard ah.
*
Thing about R&D is, it’s quite a big field. A big, almost uninhabited field. The problem is that funding is hard to come by and they’re fickle. Just need to know which niche is good and can net you money from public and private interests.

Retail pharmacy is a lot of headache to me. Later berak keras also want to blame DAP.
andrewhtf
post Jun 14 2021, 07:24 PM

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QUOTE(ah_suknat @ Jun 14 2021, 06:01 PM)
How much money needed?
*
as this tered title, rm2mill is more than sufficient to last me till 70, if start counting from 55.
KineticKill
post Jun 14 2021, 07:25 PM

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QUOTE(focusrite @ Jun 14 2021, 11:42 AM)
You are not the norm though

Most Malaysians can't even write in English like you
*
That’s true. But I prefer this to be a norm.

Malaysians need to be moving upward. Specialise. Create jobs. But…not easy money not Malaysian mah.
TiramisuCoffee
post Jun 14 2021, 07:28 PM

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QUOTE(andrewhtf @ Jun 14 2021, 07:24 PM)
as this tered title, rm2mill is more than sufficient to last me till 70, if start counting from 55.
*
New norm, some ppl can easily reach 96yo n counting. Enuf or not then? bruce.gif
cringe
post Jun 14 2021, 07:30 PM

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QUOTE(KineticKill @ Jun 14 2021, 07:21 PM)
Pharmacy shop is just like any other businesses, got untung got rugi. Until dispensing separation is achieved, that level of specialisation will not be there, just playing with margin. Good businesspeople with decent luck would excel here.

Salaried pharmacist on the other hand, is quite stable income. Now that there’s no longer guaranteed permanent job with the govt, job market is flooded with unemployed/almost unemployed pharmacists. Specialisation would be the only way up.
*
Because lately I can see increasing numbers of pharmacy around my neigbourhood.

My area got 5 pharmacies, that's not include with Watsons, Guardian or Caring pharmacy.

That's why I asked u whether open pharmacy store is profitable or not. laugh.gif
A2Z2U
post Jun 14 2021, 07:33 PM

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QUOTE(tikaram @ Jun 14 2021, 05:37 PM)
My Friend now retired He said very boring wo.

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

So How ya?
*
agree. never understand why most young people aim to retire early like 40yo. Once you reach 40, your thinking will change.
fath82
post Jun 14 2021, 07:39 PM

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QUOTE(ah_suknat @ Jun 14 2021, 06:00 PM)
Asb only 200k limit, anything after that slow2 compound itself
*
That only the soft limit, once you reach 200k the limit will become 400k
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
*
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.
*
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
*
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
*
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
*
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.
*
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
*
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.
*
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.
*
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.
*
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.
*
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
*
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
*
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%
*
Some years there will be losses right? What is the average over the last 20 years?
max_cavalera
post Jun 14 2021, 09:35 PM

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QUOTE(mickeysew814 @ Jun 14 2021, 09:07 PM)
uncle kucing, u r back.
*
Hi mickey 👋🏻

Come on you gunners!!
thexs
post Jun 14 2021, 09:44 PM

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QUOTE(MGM @ Jun 14 2021, 09:18 PM)
Some years there will be losses right? What is the average over the last 20 years?
*
VWRA: Vanguard's website show that the 10-year average annual return is 8.51% per year

And yes during bad years expect some losses but long term you will always gain around 7-8%.

This post has been edited by thexs: Jun 14 2021, 09:45 PM
vexus
post Jun 14 2021, 09:48 PM

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u need at least rm100k per annum. 1m can survive around 9-10yr
2m around 17-18yr if u consider inflation rates. hahahha
Lucas0323
post Jun 14 2021, 09:56 PM

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If 2m with 1m generate 5% pa u can spend the other 1m for 10years with around 8.3k per month. After 10years your compounding 1m will become 1.6m and u withdrawal 200k that can last u another 4years with 4k per month and balance 1.4m compound again for 4 years. Naise.
New Klang
post Jun 14 2021, 09:58 PM

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QUOTE(tikaram @ Jun 14 2021, 09:13 PM)
Now Buy la One of Your 3 list.

U deserve It ma. Work so HARD.
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I still got one project to start

Flipping one property
everest
post Jun 14 2021, 09:59 PM

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New Klang
post Jun 14 2021, 10:01 PM

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QUOTE(Lucas0323 @ Jun 14 2021, 09:56 PM)
If 2m with 1m generate 5% pa u can spend the other 1m for 10years with around 8.3k per month. After 10years your compounding 1m will become 1.6m and u withdrawal 200k that can last u another 4years with 4k per month and balance 1.4m compound again for 4 years. Naise.
*
Yes, my intention to wait for epf 2m at 60 y.o.

Yearly dividend would be 100k. Spend 70 p.a. and let 30k roll.

Later when I die, the balance goes to my heirs
sjteh
post Jun 14 2021, 10:30 PM

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QUOTE(New Klang @ Jun 14 2021, 05:16 PM)
Don't withdraw for house / unit trust/ isinar?
*
Yea.
Won't withdraw.
With additional 1% contribution when yearly salary increment.
Finger crossed!

This post has been edited by sjteh: Jun 14 2021, 10:32 PM
nerdook
post Jun 14 2021, 10:35 PM

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2 mil convert immediately to 12 BTC, can last you 1000 years.
ozak
post Jun 14 2021, 10:56 PM

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QUOTE(Lucas0323 @ Jun 14 2021, 09:56 PM)
If 2m with 1m generate 5% pa u can spend the other 1m for 10years with around 8.3k per month. After 10years your compounding 1m will become 1.6m and u withdrawal 200k that can last u another 4years with 4k per month and balance 1.4m compound again for 4 years. Naise.
*
2m in Maybank. Div 6%. 10k every month. Till you die, 2m + growth still there.


quintesson
post Jun 14 2021, 11:02 PM

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i think for my lifetime 2m is enough for living a moderate decent live. once a while can cuti-cuti Malaysia.
spacelion
post Jun 14 2021, 11:04 PM

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Insurance last until how old

No medical or whatever complications ? Everyday play golf / swim / eat healthy ?
langstrasse
post Jun 14 2021, 11:10 PM

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I heard Onlyfans is a good way to make money
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post Jun 14 2021, 11:57 PM

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QUOTE(spacelion @ Jun 14 2021, 11:04 PM)
Insurance last until how old

No medical or whatever complications ? Everyday play golf / swim / eat healthy ?
*
Last as long as you live.

Medical cost can bankrap you or huge burden to your family.

Doesn’t matter you Everyday play golf / swim / eat healthy
butterkijen
post Jun 15 2021, 12:00 AM

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what if you all die tomorrow end of story
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post Jun 15 2021, 12:02 AM

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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.
*
10k is too low.
Try 100k.
friedricetheman
post Jun 15 2021, 12:02 AM

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QUOTE(spacelion @ Jun 14 2021, 11:04 PM)
Insurance last until how old

No medical or whatever complications ? Everyday play golf / swim / eat healthy ?
*
Until 70 years old. Not sure if they will extend next time.
Zenph
post Jun 15 2021, 12:08 AM

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QUOTE(nerdook @ Jun 14 2021, 10:35 PM)
2 mil convert immediately to 12 BTC, can last you 1000 years.
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Too bad.. normies wouldnt even consider this when you are probably going to be correct
Zenph
post Jun 15 2021, 12:10 AM

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QUOTE(prophetjul @ Jun 14 2021, 06:14 PM)
True. 10k is not really a lot.
I am at passive income of 20k and i am still working at 59.
*
How the hell u manage to get 20k passive income?

Rental income? How many properties you holding
19 Degree South
post Jun 15 2021, 12:40 AM

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QUOTE(kelvinfixx @ Jun 14 2021, 04:05 PM)
can? 1 million in EPF?
*
If in Senior management post can. My company paid 17.5% EPF to employee! I can’t disclose mine! laugh.gif
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.....




Attached thumbnail(s)
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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?
*
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.
*
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
*
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
*
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)
Dezs
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
prophetjul
post Jun 15 2021, 09:48 AM

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QUOTE(xPrototype @ Jun 15 2021, 09:47 AM)
Who push your wheelchair when you old
*
Paid nurse? biggrin.gif
bearbearwong
post Jun 15 2021, 09:50 AM

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QUOTE(eddyooi @ Jun 14 2021, 04:01 PM)
majority of us working class can achieve it bro
*
how salary of 10k per month or 20k permonth
bearbearwong
post Jun 15 2021, 09:53 AM

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QUOTE(max_cavalera @ Jun 14 2021, 09:35 PM)
Hi mickey 👋🏻

Come on you gunners!!
*
countrymen skrng murah boss
SUSpooglemoogle
post Jun 15 2021, 09:53 AM

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1 million convert to terra USD. Stablecoin pegged to dollar. Defi to anchor protocol for 18 % apy isn't that better than EPF. ?
bearbearwong
post Jun 15 2021, 09:54 AM

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QUOTE(New Klang @ Jun 14 2021, 04:13 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
*
eh.. i though u ada 2-3 conti cars di..

high end conti cars izzit? not BMW/Mercz/Volks? targetting bently and etc?
thxxht
post Jun 15 2021, 09:59 AM

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Who still keep MYR?? It’s so weak
KronenZerg
post Jun 15 2021, 10:06 AM

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QUOTE(prophetjul @ Jun 15 2021, 09:33 AM)
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.
*
Thank you for your guides.
andrewhtf
post Jun 15 2021, 10:07 AM

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QUOTE(tikaram @ Jun 14 2021, 08:56 PM)
You quote based on theory?

Ayam friends retired AT 40+ Already done the list above la.
*
well i wouldnt be bored, that's for sure. been a bookworm/manga chaser since a kiddo and i still am.

your fren so fast get bored means he cannot stand the monotony lah

me =/= your fren
SuperGampang
post Jun 15 2021, 10:11 AM

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10 bill also not enough. Just adjust ur livestyle based on ur saving. It will be enough
tikaram
post Jun 15 2021, 10:11 AM

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QUOTE(andrewhtf @ Jun 15 2021, 11:07 AM)
well i wouldnt be bored, that's for sure. been a bookworm/manga chaser since a kiddo and i still am.

your fren so fast get bored means he cannot stand the monotony lah

me =/= your fren
*
are u retired or not?

If not u are just give theory. No use to me.
andrewhtf
post Jun 15 2021, 10:34 AM

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QUOTE(tikaram @ Jun 15 2021, 10:11 AM)
are u retired or not?

If not u are just give theory. No use to me.
*
me not financially retired, but that's what i do whenever i take a week or two off from work, especially during year end when need to clear all accummulated leave.

so i can perfectly represent what my retired life could look like - low expenditure and whole day time is utilised, and wouldnt get bored.

as i have repeated in my previous posts, that's the situation FOR ME. am just sharing MY predicted retirement life.
tikaram
post Jun 15 2021, 10:37 AM

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QUOTE(andrewhtf @ Jun 15 2021, 11:34 AM)
me not financially retired, but that's what i do whenever i take a week or two off from work, especially during year end when need to clear all accummulated leave.

so i can perfectly represent what my retired life could look like - low expenditure and whole day time is utilised, and wouldnt get bored.

as i have repeated in my previous posts, that's the situation FOR ME. am just sharing MY predicted retirement life.
*
wow u based on theory only la.

few weeks retired and give fact macam give theory.

go live 365 days x 7 years baru share boring ke tak .
andrewhtf
post Jun 15 2021, 11:31 AM

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QUOTE(tikaram @ Jun 15 2021, 10:37 AM)
wow u based on theory only la.

few weeks retired and give fact macam give theory.

go live 365 days x 7 years baru share boring ke tak .
*
can, as long as someone can sponsor me right off...
if no sponsor then have to wait until i am financially retired dulu baru boleh show you.

either way i am pretty confident i wont get bored with that kind of life. just like the saying - "people who say money cant buy happines just dont know where to spend". one just need to know what their true interest in and people dont be bored with their true interest.

for example i have been here in /k since 2005 (old account lah) and still here in /k in 2021. did i get bored? no, and i foresee i would still be here untill dunno when.

This post has been edited by andrewhtf: Jun 15 2021, 11:36 AM
Garysydney
post Jun 15 2021, 11:37 AM

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Interesting thread. I am 59 and have worked in Sydney for more than 30+ years.

I am trying out retirement in KL now and i retired with a golden handshake from Sydney University - my wife also has her own retirement savings and she stopped work at 50.

We have no kids and now live in Mont Kiara. Don't ask me how much i need to live on as i have just come back to KL. I would think i need around rm10k/mth as my major expense is food (mainly tapau at the moment as my wife is settling in). I drive a new Vios G which cost me rm87k (car is 2/3 weeks old now).

Living costs in KL is about half that in Sydney - i can retire in Sydney but KL is much nicer (esp now Sydney is freezing!!).
Ayambetul
post Jun 15 2021, 11:48 AM

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Just take out 1mil to spend.

Dah 65 yo you are not far from dead
ALeUNe
post Jun 15 2021, 11:53 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.
*
Since you are on this topic, if you already have a million or multi millions for your retirement, please do not take risk investing stocks, bitcoins, JJPTR, etc etc.

Life is short. Just don't take risk.



If you are still working on accumulating your retirement fund, then do what you need to do.

This post has been edited by ALeUNe: Jun 15 2021, 11:54 AM
TiramisuCoffee
post Jun 15 2021, 01:24 PM

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Still at tis topic ka? biggrin.gif having 2m considered helang grade ady?! notworthy.gif Cukurrr!

https://www.theedgemarkets.com/content/adve...s-in-a-pandemic

According to the latest data in September, active Employees Provident Fund (EPF) contributors make up just over half of all registered members. This comes up to 7.54 million, out of a total membership of 14.8 million. Of this number, as many as 54% of contributors aged 54 have less than RM50,000 set aside for retirement.

In a May interview with The Edge, KRI senior research associate Hawati Abdul Hamid noted some worrying findings. “More than 80% of EPF contributors do not meet the minimum savings target of around RM240,000 by retirement age, and the bottom 20% of contributors average less than RM7,000 in savings.”
TiramisuCoffee
post Jun 15 2021, 01:42 PM

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https://www.hsbc.com.my/financial-wellbeing...for-the-future/

You can estimate your retirement needs very roughly using a few simple steps.

Let’s suppose you currently earn INCOME (approximately INCOMEAFTER TAX after tax). You plan to retire aged 65. You are fit and healthy. Several members of your family lived into their nineties, so you might need an income for as many as thirty years. Your retirement goal is:
(INCOME AFTER TAX x 2/3) = (INCOME AFTER TAX x 30 years) = SAVINGS GOAL
[Current salary after tax x 0.66 x Number of years = Savings goal]
(Remember that you can subtract the income from at least one state or government sponsored retirement income over the same period.)
kidmad
post Jun 15 2021, 02:32 PM

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QUOTE(TiramisuCoffee @ Jun 15 2021, 01:42 PM)
https://www.hsbc.com.my/financial-wellbeing...for-the-future/

You can estimate your retirement needs very roughly using a few simple steps.

Let’s suppose you currently earn INCOME (approximately INCOMEAFTER TAX after tax). You plan to retire aged 65. You are fit and healthy. Several members of your family lived into their nineties, so you might need an income for as many as thirty years. Your retirement goal is:
(INCOME AFTER TAX x 2/3) = (INCOME AFTER TAX x 30 years) = SAVINGS GOAL
[Current salary after tax x 0.66 x Number of years = Savings goal]
(Remember that you can subtract the income from at least one state or government sponsored retirement income over the same period.)
*
how you derived 0.66 or 2/3? for me eg: i only need 1/3 and that's inclusive of all my installments. the rest really goes into piggy bank currently.
loserguy
post Jun 15 2021, 02:37 PM

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QUOTE(TiramisuCoffee @ Jun 15 2021, 01:42 PM)
https://www.hsbc.com.my/financial-wellbeing...for-the-future/

You can estimate your retirement needs very roughly using a few simple steps.

Let’s suppose you currently earn INCOME (approximately INCOMEAFTER TAX after tax). You plan to retire aged 65. You are fit and healthy. Several members of your family lived into their nineties, so you might need an income for as many as thirty years. Your retirement goal is:
(INCOME AFTER TAX x 2/3) = (INCOME AFTER TAX x 30 years) = SAVINGS GOAL
[Current salary after tax x 0.66 x Number of years = Savings goal]
(Remember that you can subtract the income from at least one state or government sponsored retirement income over the same period.)
*
You shouldn't plan based on your income which may change over the years. Better to plan based on your expenses. And try to maintain those expenses at a reasonable level.
Zenph
post Jun 15 2021, 07:37 PM

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