i dont have passive income from my properties... so there is no managing... the commitments on property is actually for own consumption.

i am not into rental since long time ago.. no stress

Very simple.
1. EPF is money I can't touch until 55 years old. With my current investment, I can use the money anytime I want. If I were to depend on EPF, I cannot FIRE already as no money coming in. At least now I am already LEAN FIRE thanks to the money coming in every week.
2. I don't have RM1m in EPF.
3. Putting money into EPF is basically reducing your future purchasing power (inflation and deprecation of ringgit).
4. For same amount I put into EPF Vs my other investment, I am able to make more with my investments Vs EPF after including in fees and any losses. This means my money is working harder and more efficiently vs if it's were to put into EPF.

that is in 5 years

but now planning a final splurge.. some house reno and replace another car.... so its neverending.... if dont buy car now, later old might loose interest or dont need it...

but this spendings are from a fund set aside so will not affect the projected passive income...
btw I started projecting on all this passive income way 25 years back. always think of the future. it was a lesson i learned from one of my uncle who is in business.

If started late, dont think can be where i am today.  could have hit all this earlier if i did not buy some expensive cars before due to desire. 

and i never lost money in all those scams that were active including those gold scams.  all in safe funds which eventually i learned about asm sometime in 2013/14.  no desire in fast money whatsoever.

1999- 2014 did many good property transactions too...

how old r u? actually i also don't have the desire anymore.  but need another new car to replace another. in fact, i dont know what car to buy also 😅

Now that im getting older, i started to seriously think about retiring early. So far, i think i am on track but have done little effort to FIRE, simply because i am naturally frugal since young.

Two things ive yet to come to a conclusion though, when should i retire, and with how much passive income. I have done quick calculation with my current savings patterns, investment/epf returns, i can comfortably retire by 50 years old. However, I do want to travel and live in other country (same or less cost of living than malaysia) maybe 3-6 month a year, so had to take that into account when factoring my expenses.

I have 2 properties, one is a condo nearby work, and another is a landed house where i might want to stay once retired. The condo i own is in a high demand area for rental properties so im not worried about it.

Ive read here and other places on the number we need to retire solely on passive income and seems like the number is around 5 - 8 million, depending on lifestyle and dependents. This will translate to 15k-24k per month, accounting for 3% inflation and 5% dividen for about 40 years. My current expense is around 9k, and thats include 5.5k in housing and car loans. I figure if i were to travel and live in another country for 3-6 month, ill have to add at least 50% of annually expenses, thus 13.5k is expected minimum expense at 50.

Lastly, my house should be fully paid by the time im 63 (landed house), and my condo should be giving me a positive cashflow if i rent it, otherwise, fully paid when im 67. Thatll give me around additional 4k per month extra spending which i might need for health insurance etc.

Did i miss anything?

It's ok. How you get 3.5k?

...
My current expense is around 9k, and thats include 5.5k in housing and car loans.

...

For me just a few years from target retirement date, dont hv this concept of fat, lean FIRE.

Aim is to get my monthly passive income to be about the same as my monthly current active income, which is enough for my current lifestyle with some spare to reinvest to cover future inflation.

Will still hv to pay mortgage for a few years into retirement, but once that is done, there will be even more cashflow available.

I agree that having passive income = active income is fat FIRE. One way to achieve it is to be very frugal during working period, and then once achieved the target can start enjoying life, so there will be change of lifestyle. Before, you work and save money so a lot of things you cant do, for example travel, eat nice things, buy nice things etc.

Another reason why one might want higher passive income than current expense, in my case, to factor in increasing cost due to inflation, and aging, for example, health insurance, assisted living etc. Both of these factor may be the reason why someone want to fat FIRE. Whether it is achievable or not really depends on how much they earn, how much they can save and how good is their return in investment.

There are studies show that such retirees get into depression because of the money pinching or thrift discipline that affects them on how to spend when retired as they become over cautious without job.... ended up losing quality life...

With so much disruption coming n growing recession risk, time for revision in retirement planning?

Net worth here is total?

Wow thats a big hit already bro.

Just came across this article this morning on the amount required for retirement. T20 retirement sum for 25 years required 7m

Sos

This article is utter rubbish. Wasted my few minutes reading it.

I see nothing wrong to target higher. Different people has different number, thats ok.
Not sure why someone needs to feel that their number is the only correct number and others are not....

Some can say 1 mil is enough, but to others, that 1 mil might not be enough. We dont know what their expenses are, lifestyle are, how many dependents they have, their life goals etc.

If its just to find a number to survive for a single guy living just enough to in a village, 1 million is perhaps too high too.

End of the day, everyone has their own safe figure due to individual living requirements and standards.

But looking as of late, quite a number of sudden deaths of acquaintances and frens at late 40s to early 50s, it makes me wonder if its worth saving and investing so hard for the future 20-35 years. Who knows what's gonna happen tomorrow🫨🫣🧐

15k just nice for 2 person with some travelling thrown in. Just nice not safe.

I have been retired for number of years. No deductions whatsoever. I say 15k is nice but not safe as he does not have medical coverage and we do need to consider other unseen things.

Eventhough I can afford ( and did spent) much more than that on monthly expenditure, however decades of frugality sets in. It's not in my mindset to 'waste'.

Latest M40 income is RM7971.00 so for 2 pax just made it 15k.

Of course got kidS

Now 50 la

Depends on how expensive you want your lifestyle to be. If you are like hansel, want exotic vacation it's going to get pricey. If you are like me just want to walk in the jungle, eat home cook food and say 2x a month eat out, then maybe it will be cheap.

Regardless I buffer in 100% increase of the amount of pay I currently get, I make it 2x the pay to make sure I have more than enough. Better be conservative Vs aggressive. I think by being 2x current monthly pay is sufficient buffer.

But that's me. But I design my portfolio by
1. My dividends increase automatically by 10%p.a
2. I will continue doing options when I am FAT FIRE to cont generating income. I won't stop just because I have 2x my monthly pay coming in.

Not sure if it is the answer you are looking for.

Impressive that networth is still growing >10% net expenses per year. Your equities mostly US?