With friends from private or international school, ig, influencers, etc,  brand conscious is almost unavoidable. The challenge is how to make them not to follow the herd.

For young people who want to plan for FIRE, my advice is to go for career that is in high demand in SG but stay in JB esp when RTS is up in 2026. U should be able to FIRE b4 45. Anyway nowadays when u r above 45 u r replaceable esp in SG.

Enough la, many dont even have 1million also surviving
Need reassurance, give la
Pity rm 1million now become 300k also later
Preserve income hold tight to your job
Continue working dont stop
Dirty work gives good money?
How high can it go?must have special skill
Professional then got value

Yes inflation is over emphasize to scare people off
Just live within our own capability
Come what may we just face it

If you earn 5-10k being made to feel sad as some earn 50k, then remind self many are earning even lesser than us
Why worry unnecessarily.

Depends on your starting point, if you are born rich, why not stay? It's nice to be rich in Msia

Age of FIRE posters here

1. prophetjul  60
2. Commodore Amiga. Older than an Amiga, younger than a Kenbak 1.

Apa kenbak 1 ?

well. i would certainly tell her a rough figure with a discount factor of 30%. but since she didn't ask me, i did not tell her.... until i told her where i place the will, and all the accounts statement (unit trust, shares, banks, insurance policies etc etc. i do print year end statement for security). one thing lead to another and voila...

nowadays bursa statement have the total value in ringgit. last time it only shows you how much shares you have without printing the values in it... kinda sucks

Oh...young man/woman? 

some who  had lost trust in the government had left
i am not keen to be 2nd class citizen overseas
just entering college, overseas education can take up > RM1 million if your kid wants to be a doctor!

This Commodore is a laptop freak.
Kenbak is a 1970 laptop or personal computer. Amiga is approx 1985. 

Female=Freaking burn money 

Doctor can be millionaire

Millionaire not necessarily can be doctor

Sent ur kid bekum dr

No point sending kids for full tertiary studies overseas. Local private tertiary is good enuff. Its not worth it to sacrifice one’s own retirement and happiness just to send kids overseas at a high cost.

it's good - we need more people like that person's mentality to keep working for $, rather than have $ work 365/24/7 for us.
else too crowded & competitive 

Papa scholarship no penalty.

guys, am thinking of taking the next step.

kindly advise if i have left out anything?

assuming if there are flaws or things i left out in the calculation please highlight.

ideally of course hoping that current savings are sufficient to cover and be in self sustaining mode, but of course if inflation rises, can always start "eating" into the current savings.

if anybody is able to help to improve the spreadsheet to say:
inflation rate at 3% to 5%, what would be the current required savings (both basic and upgrade version) value to cover the increase year on year for me to say live another 35 years.
alternatively same scenario applies but without self sustaining model but depreciating savings model.

thanks.

PS: any advise on what to do post retirement? i am currently in mid 40's

nice... only need 2.2 million ringgit to be T01 in Malaysia...

a lot of people keeps claiming that xxx amount not enough to retire.
some say rm5mil, some say rm2mil, some say rm10mil also not enough.

reality is majority of people never do hit this "savings" amount in their entire lifetime and majority people still somehow survive it.

true, one may not get to experience the luxury lifestyle that one aspires to or get used to when working in their prime, but let's accept the fact that most people do get by with much smaller savings upon retirement.

KWSP official stand is to target for minimum RM240k by 55. am pretty sure they have certain basis for it. you wanna be better or over achieve it, good for you if you do.

but to what end? continue to chase your RM10mil, RM20mil, etc? work until the day you die?

For those case that requires urgent attention, you can be rest assured that you will be treated accordingly.

Example,
Open fracture
- you fall off the motorbike, there is a wound until you can see the bone.
- according to guideline you need the surgery within the golden hours or else infection rate comes in sky high rate.

Example,
Appendicitis
- If you dont open it and take it out, has big risk to perforated aka burst and become more bad
- Usually appendix will do on Midnight as Morning/Afternoon for more life-or-death scenario case.

Example,
Severe TBI (Traumatic Brain Injury)- mostly will send to Gov to do lol.

there are some more example, mostly is "if you dont do it now, you will worsen over time" that kind of case.
- those case can go to government as they will treat you ASAP.
- of course this knowledge is kinda privillaged as it is up to certain doctor/specialist/consultant that decide which operation is urgent
---
For those which best seek care at private

Example, Cataract
- ofc gov has initiative to do those surgery but waiting list so long.
- waiting list in 3 to 6 month plus lol.

Example, Reducible Hernia
- waiting list for GA (with general anaesthesia) around 7 to 10 month lol
- waiting list for LA around 3 to 6 month lol
- trust me you wont like Local Anaesthesia operation hahaha. 

Example, TKR / THR, Joint Replacement, Steroid Injection (maybe)

Mostly elective surgery that you dont feel like to wait lol