If you use the 4% rule, you will have around RM80k per year to spend without running out of funds.

So you decide if that's enough.

4% is not referring to dividends, it's more like a rule to slowly drawdown your savings at a sustainable rate.

The 80k has taken into account that he has 2mil, around 20-25yrs to spend, return of 5% and inflation of 3% annually.

So if he just wants to know can he retire with RM2mil, answer is yes if he is okay with spending roughly that 80k or so a year.

EPF returns generally has kept up with inflation and as the money compounds so does your runway, the one that hasn't kept up is more like people's salary.

Yep, people always think FIRE is retire and do nothing, but forgot the FI part of it.

I absolutely enjoy what I do, even with the shit days. I get paid well, I get challenges to solve, I have intellectual discussions with smart people.

Fully knowing I can walk away from it without a care should I choose to. That's the FI part.

They asked mass affluent segment, those that is on median CURRENTLY carrying a net worth of MYR4-5mil.

Which is why they say they want at least MYR4mil to retire comfortably, because they already living this kind of lifestyle now.

Cannot be, according to all here retirement fund must be USD1-2mil wor, else how to survive 😂

stay out of there man...

He's a troll from k/ la.

Stupid article from a purported "financial guru".

Firstly, uses household income to spin it as average income. Household income here is combined income of 3.8 person. As such, average monthly in per person is only around 5k, not 19k.

Secondly, this is gross income, not nett. You take away 11% for EPF, 20+% for tax your take home is around RM4.4k. On top of that, this goes to service your house, car, child education, commute to work or whatever. In general, people still have at least 10-20% left for savings and investment, so your actual spend is only around 4k to round it up.

Post retirement, taking away the house, education and general commute, I'll be generous and say your spending is around 3k per month, not 15k a month.

Secondly, they use a very misleading manner to say "savings" required and compound it at 2%. So he's ignoring EPF's return or ASB, or gold, or FD, or stock market which all compound higher than 2%?

Somehow you can be T20 in salary but doesn't understand investments that beat 2%?

Lastly, maybe it's a typo but if you start work at 25 with 5k and retire at 65 with 5k, your EPF is RM1.9mil, not RM1.04mil (plus retirement age is 60 so maybe he knows something we don't).

So please be reminded that anyone can call themselves financial guru but you have to think critically about what they are trying to sell you.

Why is everyone here talking as if they are already late 50's - 60's?

I've been lucky to have been asked to go garden leave a couple of times before I moved to a new organisation.

I can't even do a month of that, so RE is an alien concept to me. FI is what I'm chasing, as what the famous saying goes, get your f- you money.

Then we can decide what we want to do with our time.

cannot weh, i tried the camping all. Just not my thing. I bought pc / game console, not my thing.

I think need more time to structure what if I have additional 8hours a day to do what i like

People suck at budgeting

They think they gonna baller every day.

Median pay for fresh engineering grads from the top unis in SG is around 4k. Their MOE publishes the data - but its skewed because those that has shit pay or no job wouldn't fill in these kind of survey gua.

Secondly, roughly 50% of the graduates each year can't find a job.



Things are tough out there.

Won't want to steer to much into politics else get red card again lol.

But, government represent the majority voters. And those who votes tend to be older crowd. So everything is skewed to them - if they can't work and make money - they can't have a good living - they vote opposition. So, prolong the retirement age - give them more subsidies.

The young ones? Claim they lazy, not hardworking, not gritty, not government's fault.