As long as we based our calculations to the Almighty EPF only...

we will never get the true figure of people's networth in malaysia.

just curies how much you guys aim to make to be financially free?... 20k ktard passive income?.

I still see alot says FIRE and retire and still on the hind side need to work or think about money or 'semi retired'. Or if work once a while can bring in extra money is good etc.

My personal definition of FIRE is that you no longer need to work & worry about financials. If we still carry around that slight worry about making enough or not getting enough from passive to get by... that would mean we do not have enough.

Inflation and costs of good double up every 20 years, but it might have been accelerated recently due to few factors like shutdowns, logistics and climate change. I can't really see anyone living with 50k annually if they still have about 30-40years in their live ahead of them.

The optimum carefree amount that keeps popping into my head is around RM 4mil-5mil mark .
This is taking into account of inflation, some time to travel, enjoy what you eat, some bits to splurge on shopping and healthcare if needs be.

My concern is that we FIRE too early and estimated short on what was needed to retire fully to only go back to work at 60-80 coz they found out the passive/money they have would not be able to sustain them till their last days...

RM5Mil seems to be coming up as an ideal number in which if inflation double up 2 times in your remaining years.

Basically halving your purchasing power 2 times to from 5mil --> 2.5mil --> 1.25mil... I think i stiill can live on passive from 1.25mil on my last days...

Agree that not many can achieve this amount in their lifetimes, so we end up still might be holding a lesser stress free job supplementing our passives.

Here then lies the crux that money again drives and compels us to work, would we not then be considered achieved "financially independence" in this case?. Most people i know who achieved FI/RE, they are not concerned about money because they know they have enough to sustain themselves or their family.

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...