Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

> 2 mil more than enough to retire

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

Getting Started
**
Junior Member
75 posts

Joined: Sep 2013
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
TSeddyooi
post Jun 14 2021, 03:51 PM

Getting Started
**
Junior Member
75 posts

Joined: Sep 2013
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

TSeddyooi
post Jun 14 2021, 03:59 PM

Getting Started
**
Junior Member
75 posts

Joined: Sep 2013
by 50 most of us c40 can retire
TSeddyooi
post Jun 14 2021, 04:01 PM

Getting Started
**
Junior Member
75 posts

Joined: Sep 2013
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
TSeddyooi
post Jun 14 2021, 04:05 PM

Getting Started
**
Junior Member
75 posts

Joined: Sep 2013
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

Getting Started
**
Junior Member
75 posts

Joined: Sep 2013
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
TSeddyooi
post Jun 14 2021, 04:10 PM

Getting Started
**
Junior Member
75 posts

Joined: Sep 2013
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
TSeddyooi
post Jun 14 2021, 04:11 PM

Getting Started
**
Junior Member
75 posts

Joined: Sep 2013
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?
TSeddyooi
post Jun 14 2021, 04:15 PM

Getting Started
**
Junior Member
75 posts

Joined: Sep 2013
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
TSeddyooi
post Jun 14 2021, 04:18 PM

Getting Started
**
Junior Member
75 posts

Joined: Sep 2013
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
TSeddyooi
post Jun 14 2021, 04:22 PM

Getting Started
**
Junior Member
75 posts

Joined: Sep 2013
QUOTE(New Klang @ Jun 14 2021, 04:17 PM)
I am 50.

My epf is 1m.
*
salary now must be rm17k rite?
TSeddyooi
post Jun 14 2021, 04:25 PM

Getting Started
**
Junior Member
75 posts

Joined: Sep 2013
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
TSeddyooi
post Jun 14 2021, 04:35 PM

Getting Started
**
Junior Member
75 posts

Joined: Sep 2013
QUOTE(New Klang @ Jun 14 2021, 04:30 PM)
6k.

I started working from young and saved
*
respect
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
TSeddyooi
post Jun 17 2021, 04:40 PM

Getting Started
**
Junior Member
75 posts

Joined: Sep 2013
deleted

This post has been edited by eddyooi: Jun 17 2021, 04:43 PM
TSeddyooi
post Jun 17 2021, 04:43 PM

Getting Started
**
Junior Member
75 posts

Joined: Sep 2013
those with 4 m will have a helli good life .... but its so hard to achieve 4mil for nomal people like us
TSeddyooi
post Jun 17 2021, 04:43 PM

Getting Started
**
Junior Member
75 posts

Joined: Sep 2013
QUOTE(KLthinker91 @ Jun 17 2021, 06:17 AM)
yeah but can you get Rm2 mil?
*
2 mil most of us can get
TSeddyooi
post Jun 22 2021, 01:04 PM

Getting Started
**
Junior Member
75 posts

Joined: Sep 2013
QUOTE(icemanfx @ Jun 21 2021, 08:41 PM)
user posted image

Those have > rm2m is fewer than most expected.
*
fake news

those in mnc easily rm2-3 mil by 60yrs old

 

Change to:
| Lo-Fi Version
0.0210sec    0.49    7 queries    GZIP Disabled
Time is now: 25th September 2021 - 12:41 PM