Depends on How much you need and WANT to spend pm and when you hv the mean to hv passive income that can earn you that amount pm, then you can fire.

enough to buy handphone from malaysia and not overseas set...

or change iphone every year (despite its flaws) without feeling a pinch to your wallet..

Enough to cover for your expenses and a buffer to be reinvested to cater for future inflation.

So different people will.have a different number.

not relying on that salary to cover expenses

traditional definition is simply this....

sum up all your expenses on yearly basis (so as to smooth out any monthly variations)... take the average over a few years to be better.
That's your benchmark.

If want some buffer, add in like 20 to 30% extra.

Say, your yearly expenditure is 120K rm, then passive income of this is enough.
to sleep soundly, 156K rm per year passive income...

Note: this is passive income... to be compared to expenditures. Usually this is way lower than current active income

Different things.

Savings are for spending, emergencies and a reserve to take advantage of market opportunities. Savings should be principal protected and be highly liquid but have lower returns.

Whereas investments are for the higher returns in the long run, which has more risks esp in the short term.
For me, its passive income of at least 80% of net monthly salary. Ideally, closer to 100%.

Possible, only longer.

But reading your recent posts, i think you need to get rid of the Huat mentality first in order to FIRE.

Yeah, it’s tough. That’s why so many can’t afford to retire.
The real issue is that most people never start building a passive income portfolio from day 1 of employment. The earlier you start, the more it accumulates and eventually, it snowballs fast.

I still hear the old-school advice: "You’re hitting 50, time to save for retirement". By right, that advice should’ve been given on day 1… or at least by age 30. That’s when the compounding and passive income growth really work in your favor.

Depends. If you can live like B40 like me, can FIRE easily. The key is you must outlive your investment. The passive income can come from those mentioned or selling asset which what traditional FIRE is about.

You can take the easy way or the hard way. Easiest and less headache is
1. You have 50x your annual expenses in liquid asset excluding house  that you can sell off to live. Traditional FIRE calls for 25x. But yeah need to sell off asset.
2. Second easiest is invest for income, dividends. Very slow but doable. So once your income > expenses you can fire.

If you expenses> income you can never FIRE.

I am very lazy and useless guy. I don't know how to start and run a business. So I choose the easier route. Hitch hike on other people ability and let them do the work by being a shareholder.

It can be done if you are earning say RM20k a month and just use FD. How I know? My mum was one of those people earning measly Rm2k-RM3k/month. But she retired well without needing me to support her. No investment, pure FD only.
Its never about being good with investment. It's when you are suffering and desperate you will find a way out. That was me.

Also I draw inspiration from the US guy who retired at 33 with expenses around USD7-8k with passive income of USD15k. Now is assets have triple and passive income have also doubled.

He is living life however he sees fit. It's not about work culture. It's about taking care of yourself first. Yes it is selfish so what. Always care about yourself first as no one will care for you. Recently one clerk at my working place had a heart attack. Non smoker my age. What does it tell you? It is ok to slow down and take care of yourself first. Don't let company be number 1. You and family must always be number 1.

If you like to work by all means work. I am lazy guy who hates working. So what. I don't mind admitting I am lazy and hates working.