depending on your age i suppose. I will need more for my age.
To use up the 14.5k every month and let your principal get eroded by inflation over time is scary af.

just an update from me.

no longer having slim FIRE now. back to work and hustle time.

recently bought a new landed house in KV under pressure by in-laws.

did a mistake by preparing a will and let my wife knows about my total asset. should have just inform my witness on where is the will located.

sometimes, plan cannot goes well in life

i still keep the same 3 asset classes but at different ratios due to different wants:

1. During retirement (now):
a. EPF to generate 50% of yearly cashflow usage
b. REITs (worldwide) to generate 50% of yearly cashflow usage
c. nonREITs / normal stocks (worldwide) to generate inflation beating returns

2. During work / active income:
a. EPF as Fixed Income allocation; 33%+/-
b. REITs (worldwide) as proxy for properties: 33% +/-
c. nonREITs / normal stocks (worldwide) as proxy to businesses: 33% +/-

Cash equivalent of 1 to 2 years' expenses are kept out of the above, in SSPN, Money Markets, FD, savings a/c,

If I have 7mil n assuming average annual returns of 7%, I will drawdown 2% for expenses(11667/month) n leave 5% to counter inflation. My child will inherit the plan as I believe it will be hard to accumulate wealth from vocation in the AI n deglobalisation era. Need to pray that MY not becoming like Turkey.

For me, comfortable retirement means 4m for yourself & spouse + 1m as buffer, meaning total 5m

For more luxury retirement, it's 6m for couple only + 1m buffer.

All these with assumptions that kids are not reliant on you financially, no outstanding loans and your own residence

Of course this is just my aim or some say day dreaming

wah... so now it is 5 million to FIRE?

fat FIRE is it? cos the original definition of FIRE caters to moderate lifestyle with lowered expenses.

looks like "we" here mostly aiming for fat FIRE.

No need see T20... many T5 I know also dun have 5mil of liquid assets (excl. hard assets like house/condo etc) to FIRE...

majority of FIRE here is just sembang kari ikan, ayamz still need to work in some way or rather...

for reason of pocket money la.. for killing time la.. boring la after few years.....etc...

majority still work coz they still feel financially insecure if one really look at the roots...

i fire at 50... waifu dun wan...

send her take lrt lor... save so much petrol n parking... lol...