May 19 2023, 05:28 PM
QUOTE(kochin @ May 19 2023, 05:07 PM)
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?
Some parents prefer to leave a certain amount of money to next generation. so...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?
Some of them likes to work. so....
While some of them like us struggle to maintain a positive cash flow month to month
There isn't one size suit all but what i can confirmed is that 240k livable assuming no masuk private hospital and having fully paid property and vehicle
I am confirming die die also don't want to wait at gov hospital, so i target to achieve 2M
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