How much do you need to spend per month?
Any big expenses like long world tours every now and then?
Any leisure active activities you can spend your life on daily?

Yes 😅

I've done my calculation. Also can fire. But tight and will live without purpose (I love my job) so I think I'll 3x my lean fire amount (excluding pension) Cause I like to travel and splurge a bit. Still need to work for a few more years

Personally I prefer getting house loan settled before retiring

At least one thing less to worry about

But I believe there are people who are okay with continue paying housing loans and they have no problem since their passive income can cover that

About car, seems like at some point in time you need to replace it if you chose to FIRE

Because car is not like house, max says 20 or 25 years

So if you chose to FIRE at 40yo... most probably you need to prepare at least replacing it once

your 16K pm now (ie 8K clean after loan payment) or 21K pm at 50 (13K after loan) is to cover how many people?

i would hazard a guess that for 1 to 2 persons, 8 to 13K rm will be able to cover a comfortable lifestyle for retirement, as this amount is the clean amount after tax income and other "fix" deductions.
If scaled back to traditional active work income, the equivalent salary would be something like 30 to 40K rm pm gross salary. It would be hard pressed to say that a household cannot live well with such a gross income even in Klang valley. (20% average tax, 11% epf deduction, 20% saving rate)

Plus, as you indicated, you have plenty of buffer as you can always liquidate your real estates.

EPF is not even in my list of passive income as it is money I can't touch until 55 years old.

My RM3k per month is purely dividends from my stock portfolio that I have access to anytime I want.

passive around 20k.

Ah… with these numbers, easier to figure out.

Basically your current expenditure for 3 persons is 5K rm pm + 8K pm for property loan, assuming you settle your car loans. 3 years is very fast.
Then it is 16K/18K vs 13K expenditure.  It does feel a bit tight.

Consider settling/selling all your spare properties (ie except 1 for own stay), that would zerorize the 8K pm commitment? And in the same time free up a nice chuck of home equity for investment?
That would push your expenditure down to just 5K plus a decent amount of home equity (which you can throw into EPF or ASM or invest earning 6% pa on the lower side).
Now the scenario is:  25K above income vs 5K expenditure base case.

You should start planning more spending like vacations or better meals, etc…
Very safely you can up your spending to 15K pm.

Different people have different tolerance, endurance and preference.

To me, properties are not really my forte as they are not really passive income generators. (of course if one has already setup something that handles this for free or 0 effort, that's different story... like someone who claimed family members will do everything for free etc).
So judging from your "stress" about property commitments, you maybe the same as me... somemore, older one gets, really want to manage a bunch of properties and face the tenants?

My clean passive income comes from financial assets that require no work at all... day in day out... EPF, banking stocks, e-wallet earning 3.+%, t-bills etc.
Luckily nowadays, don't even need to go to attend; physical AGM... no longer have the mood to wake up early, get ready, go through jams, find parking slot, sit there listen... if got 10 stocks, that was one per month. Virtual is good..

I do have semi-passive income from financial assets: its semi because i will look at them on daily basis much like hobby (reading financial news), but usually not much actions beyond weekly to monthly activities on those positions.

Compared to the above, managing a rental is just too much work for me unfortunately.

27k/mth, early 50s in the coming years. you are doing very well  :thumbsup: respect!

I truly agree with you on the spending part... in that as one ages, it does change...

I was thinking of upgrading my car prior to fire... I kept on delaying with plenty of excuses... like covid lar... no longer working lar... no need to keep up with jones lar... existing old car still ok lar...
Now, basically no desire to change car anymore...

So, I support you!