Well, this is your thoughts. I respect that but I have different thoughts about this. Peace!

I don’t agree that as a society, we should abandon the old folks for whatever reasons.

This post has been edited by fongsk26: Mar 14 2024, 12:31 PM

I think this is a seriously short sighted reasoning.

Potong kaki beverages cause high healthcare expenses as B40 visit gomen hospitals. If this is not a burden to KKM, I don't know what is.

PN formula- jangan bagi mereka ada wang , miskinkan rakyat- so mereka boleh sembah PN untuk dapat bag beras, dan tin milo cukup untuk berikan undi

kalau kocek rakyat tebal sangat duit- bukan saya beras dan milo, tak ada budget pulak

This post has been edited by Clement1001: Mar 14 2024, 01:10 PM

600k gives you RM2.5k per month for 20 years...

This some more exclude any interest that you will gain over the 20 years....


RM2.5k per month cannot survive for a single person???


You don't have house or car to pay already at that age....


Makan even with inflation.... at most also only RM30 per day.... considering lunch and dinner RM15 each some more....which is quite an upgrade from eating economy rice.... breakfast eat bread cukup la...


The rest of the money you can save up for hobbies and travelling...


Seriously... Ketards have a distorted view on life... thinking that after retirement... morning must eat at aircond kopitiam... lunch eat din tai fung... dinner eat hai di lao....


Earning power somemore ciput pula...

Retire? Better stack pillow and think properly..

BKT now RM28/pax

https://www.chinapress.com.my/20240313/%e8%...b0%b4%e9%b1%bc/

Fried egg now RM4.50/pcs

https://www.chinapress.com.my/20240314/%e4%...bb%b7%ef%bc%9f/

This. All the figures are talking about the figure depositors have NOW, meaning it's 40k post-compounding interest (for the ones soon to retire anyway).
The younger ones who joined the 40k withdrawals for stupid reasons may be dumb, but atleast they still have time to build it all back up.

From the calculator:
https://www.ppa.my/retirement-calculator/


Assuming 25 years old, income starting at RM1.5k, increment matching inflation at 3%. Your EPF would be atleast 480k by the time you retire.

Not saying the withdrawals didn't do anything to worsen the situation, but it's just a small part of the equation.

Fry your own eggs, one egg 50 sen je

600k with 5.5% div, can get you RM4000 per month for 20yrs.

You can do this entirely in EPF.

Since some people here says SG living expenses are cheaper, can go to SG for retirement.

Try tetak tetak Bit the tree. Not too deep ya. Petua org dulu. Also the put flowering baja. If cannot tebang n tanam baru.

Tetak the trunks? And the depth of tetak is like rubber tapping on skin deep? I try later.
I will try find some flowering baja as second option.
If still cannot… Sayang to tebang la. I will leave them there la…hahaha
Thanks v much.

2.5k.. petrol how much? electricity? bills? how bout medical bills? unexpected breakdown? SO u expect ur household / car / body dont need medical checkup and maintenance? dont be naive. 2.5k will be a struggle for sure.

Singapore food cheaper. Can get SGD4 per meal at Food court. But comparison is dollar to dollar.
Singapore no need car/motorcycle.
If you have kept SGD, have a property already to live in SG, then it is indeed cheaper in Singapore.
If no SGD and no property, now only convert MYR to SGD to go for cheaper living expenses, sure die. Conversion rate will make you pokai in Singapore also.

If have SGD and SG property, might as well convert to MYR and live like a king in Msia kampung. Just use bicycle.

240k interest only 13200/12 months = rm1100 per month how to survive?

After retire... how often do you use car??? You have to go here and there everyday??? The purpose is only to get you to nearby grocery and restaurant...

Electricity and water bill how much?? RM200+ should be able to cover right???

Medical bill... go public hospital??

Breakdown every month ke??? don't know DIY???


I didn't say RM600k is going to be super luxury for you to retire but you can at least ensure you have decent meal with enough money for household goods and some entertainment...


I shit you not... my ex-colleague with his wife mia average expenditure after retire is just RM1.5k.... before retire was a Head position in MNC financial firm....


His life was simple... breakfast just milo or nestum with biscuit..... Mixed rice for lunch RM7+ while wife makan roti or sometime noodles... varies from RM3 to RM8.... night cook simple meal... vege/egg/meat.... cost also likely less than RM20....

Daily do gardening... clean house... go meet up at the park with neighbours....

No more than RM30k per year for husband and wife... including other cost such as insurance etc...



Seriously... when you are old... you aren't going to spend like you are in your 30's.... but if you still want to eat good... dress good... have the best entertainment... obviously you would say RM600k is not enough for retirement but reality is... a lot and I'm not saying this based on gut feeling but literally EPF stats..... living with much less than RM600k and they also ok jer....

This post has been edited by holypredator: Mar 14 2024, 04:07 PM

best solution is start saving today.

Retirement means different things to different people.
For some, still need to work, part time maybe like Grab.
For some, means enjoy life, go overseas trip like 4x a year.
For some, weekend fine dining.
For some, drive around and go places in Msia, foodie hunting. Cuti Cuti Malaysia.
Pick up hobby like carpentry or drawing also need money.

The amount needed varies from person to person, locality to locality.
EPF only states the minimum requirements for most people.
If you are outlier (high end side), then work on it to get more $$ before retire lor.

I read before, to retire need 3 things:
1. Health
2. Wealth
3. Three hobbies.

can elaborate on the 3 hobbies? Ayam don't even have 3 hobbies while working.

Oh, BTW, Roti Canai I remember used to be 30 cents. Now oledi RM1.50.
So inflation is real.
Government is printing money all the time.
So save money only sure kena inflation loss kaw kaw.
Need money market.
This is where the rich gets richer and poor gets poorer.

Do your maths properly. And need safety margin. Kena another few 1MDB, drop to B40 easily.

Working time hobby is work 8 to 5, OT work, part time work. Especially in younger days.
Save the money and invest.