QUOTE(kons @ Jun 14 2021, 06:03 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.
2 mil more than enough to retire
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Jun 14 2021, 09:00 PM
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Jun 14 2021, 09:13 PM
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QUOTE(James1983 @ Jun 14 2021, 09:04 PM) Depend on the lifestyle you want. This is enough for middle class people. Even can holiday every yrs. Not a problem.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 If you want above average, than 10mil also not enough. And nothing is enough. |
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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. |
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Jun 14 2021, 11:57 PM
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Jun 15 2021, 08:15 PM
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