https://forum.lowyat.net/topic/2226853/all

saw thread above in museum

start working in 1983 salary was RM1200
let say 1983 he was 21 years old
now he would be 61 years old

assume
salary increase rm100 per year, his last drawn salary would be RM5100
he will have close to 1 million as at 31/12/2022

historical epf dividend rate get from kwsp website
assume prospective dividend rate is only 2%

assume he takes rm3000 in the first year of retirement
subsequent years withdraw additional rm1000

when he is 85 years old still have 47k epf

simpan epf bukan budaya kita owai

One serious diseases and half of your savings gone dy. the remaining half can buy you some above average coffin and nirvana plot.

This post has been edited by msacras: Feb 28 2023, 11:19 AM

Epf dividen can beat inflation?

People cannot resist spending their future money on current wants.

The answer is yes.

Euthanasia should be legalized.

Once old and broke, better to just kick the bucket peacefully. Why need to live on and suffer?

i touch liao boh...how....
touch to pay house loan.....

who can say you will live or die in future? so just spend now.

later no money go beg from gov or just suicide

That need extreme discipline

That's me.

When I asked my co-workers on why they take the EPF withdrawal multiple times.....their anwers, " Ah lah, kita orang ada nak boleh jaga kita kelak, tak usah risau."

How you survive rm3000 a year?

Inflation 4%, epf dividend 6%.

So yes

Dude, how you math? berapa % you count into EPF?

no and dont
but

He is probably a property millionaire if he is 61 years old, probably his nett worth increased 5X

4% inflation is a lie...

maybe until that age, 47k enough for 1 roti.

1 disease, rm1 only.