My investment philosophy is that I invest not to be rich but to avoid being poor when Im old.

This post has been edited by Cubalagi: Apr 7 2025, 09:14 PM

Is this one good enough?

https://www.mycalculators.com/ca/retcalc2m.html

No kids?

10 years retired, how old are u now?

For financial.planning purposes, my target age is 90. At which point my principal.will be zero. Net worth will only be left with properties (if these still.exist, climate change and all that). By around 70s, the plan will start to eat into principal.

Of course this is just planning at this point. Currently in early 50s and still working. Surely will hv adjustments. Also doesnt mean I hope or wish to live until 90 or beyond.

And also starting to exercise seriously now. Weight training and running mostly.

This post has been edited by Cubalagi: Apr 21 2025, 09:09 PM

Of course, if I reduce withdrawal then there will be capital intact. But, I dont want the capital to be intact. I want to spend the savings I worked hard for all those years if I can. At same time, being aware of the risk of running out b4 I die and be a burden.

At 90, my kid will be 60. Why should I downgrade my retirement life in order for him to get a few millions? I save for my retirement, not for his 😆 .its only if I kaput earlier will he get some.

Personally, I rather support my kid if necessary when Im still alive and he is younger, then to wait for him to be at retirement age and give him a windfall when Im dead.

True..based on epf statistics most ppl will be 0 just a few years into retirement.

This post has been edited by Cubalagi: Apr 22 2025, 09:57 AM

Yes..if u put your "expiry date" too far away like 110, 120, its practically the same as not touching capital at all and just using the income/interest throughout your retirement life.

The difference in monthly/annual retirement income can be significant enough which could be several.nice memorable holidays, a new car, giving more to your family (when you are alive and can share happiness together) and so forth.

"Child" singular..so thats easier.

Its just like budgeting for something like retirement. U need an X target and figure out how to get there in 9 years.

U have to do a lot of research on X target. The good thing about X target is that its not necessary to pay all at once. Its staggered. Also remember that there is pre-u to consider which may not be cheap depending on the route.

All these numbers will vary for different people.

3 key factors:

1. When is the person retirement date? To retire next year is not the same compare to retirement 20 years from now due to inflation.

2. How old when retire? There is a big difference between retiring at 60 and retiring FIRE at 40. Assuming 80 year lifespan, those who retire at 60 need to provide for 20 years of no active income. Those who retire at 40 need to provide for 40 years. Double the number of years and still have to factor in inflation.

3. Status of dependants esp kids. Those who retire when their kids are already working will need far less than a person who retires when the kids are still schooling. The later requires their retirement pot to be deep enough to cater for the kids education which is also highly inflationary.

Me..target to retire at 55 (just a few years away), kid should already be working (hopefully). Quite comfortable with my plan.

This post has been edited by Cubalagi: Aug 21 2025, 12:20 PM

Bro..when did u get married and have kids?

Well done and all the best bro!

Btw if having baby, pre-natal and post-natal care not cheap, unless u also plan B40 way for this?

If KKM clinic for check-ups and govt hospital for delivery, then its very cheap. Assuming ur gf agrees.

Fair enough..like people shouldnt count their kwsp dividends as income, unless they retire.

55 consider FIRE? Back in 2000, that was still the official retirement age. If target is 55, then no need to live a B40 life when younger. Just save a bit extra.

Anyway, 55 is my retirement target. 30 years working and paying income tax.

But only semi-retire, will.still.look for something part time until cannot work anymore. Probably will still be paying income tax, but less I hope.

One can also walk put from a job without fully FI if you are in demand as a worker. This usually require experience and indusry network, which one need to build over the years.

My current boss is the fierce and rude type. But with me, he control, coz he knows if he OTT with me, I can walk out and go to the competitors.

Health is wealth!

Something I realized is that improving health has paralels to increasing wealth. There is a compounding effect in play. Very incremental changes that snowball over time.

Change to a healthier lifestyle, then there is a positive compounding effect. Like ones epf.

Start living a unhealthy lifestyle, then its negative compounding. Its like not paying credit card statement on full. Slowly over time, the debt gets bigger until u go bankrupt.

As like building wealth, the earlier the positive compounding starts the better. But also, even if start late, there are big benefits.

However, ultimately, we are mortals. There is an expiry date to life. We need to balance with living an enjoyable life.

I have more weightage in exercise than diet.

Not saying diet is unimportant, but if you are on point on the exercise part, you can afford to be a bit more cincai on the diet part. Key word being "a bit"..like having the occassional char kue teow, kfc etc.

And on point is meeting the min health recommendations of150 minutes of moderate cardio exercise/75 minutes hard cardio/mix and 30-60 minutes strenght training per week.

My clinic does ApoB test for RM50.RM50 for one test is too expensive to be required for the general.public.

ApoB is another test if you want a more accurate picture of your cholesterol levels.

This post has been edited by Cubalagi: Sep 7 2025, 09:46 AM

0.75% per year at retirement?

Thats way too much underspending.

This post has been edited by Cubalagi: Sep 9 2025, 11:45 PM

My retirement funds consist of EPF and a DIY investment portfolio. Still a few years off to retirement, but its looking like it will be about 60:40 on retirement but markets could change.

In terms of withdrawal strategy, it will be withdrawing from both i.e. whatever the ratio then, unless the DIY portfolio turns negative for the year, which EPF will be 100%.

I also have some properties but I dont count that as retirement fund. Can be liquidated in the future if get good price.

This post has been edited by Cubalagi: Sep 10 2025, 09:00 PM