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 Basic retirement savings of RM240,000 by age 55

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SUStatabun
post Sep 26 2024, 01:03 PM

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by that time if house settled n car paid off 1k a month can manage kot… really frugal
SUSEX Unseen Forces
post Sep 26 2024, 01:03 PM

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240k? Ok I resign tmrw.
If cannot survive, PMX and DAP resign ranting.gif

This post has been edited by EX Unseen Forces: Sep 26 2024, 01:03 PM
seather
post Sep 26 2024, 01:04 PM

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ppl sud have freedom to choose..

wanna blow ur pensions early? good for u
wanna YOLO? good for u

but when time comes... u ready to telan a bullet?
or u wana become leech to society?
TSpokemon
post Sep 26 2024, 01:04 PM

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QUOTE(tatabun @ Sep 26 2024, 01:03 PM)
by that time if house settled n car paid off 1k a month can manage kot… really frugal
*
1K in coming 30 to 40 years is enough?
NO taking into inflation condition?

Skylinestar
post Sep 26 2024, 01:05 PM

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QUOTE(pokemon @ Sep 26 2024, 12:48 PM)
RM4K is way above minimum wage.
*
that is why majority are going to age in pain.
piscesguy
post Sep 26 2024, 01:05 PM

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QUOTE(nauticat99 @ Sep 26 2024, 12:47 PM)
Don’t think 250k enuf to survive. More like a million. Recently looking at nursing homes for my aged parents, minimum aredi 4k per person, haven’t factor in medical cost, diapers etc
*
at least 500k for basic retirement plan now. hmm.gif
TSpokemon
post Sep 26 2024, 01:05 PM

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QUOTE(seather @ Sep 26 2024, 01:04 PM)
ppl sud have freedom to choose..

wanna blow ur pensions early? good for u
wanna YOLO? good for u

but when time comes... u ready to telan a bullet?
or u wana become leech to society?
*
So many B40s.. no problem, madani will help.
SUStatabun
post Sep 26 2024, 01:07 PM

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QUOTE(pokemon @ Sep 26 2024, 02:04 PM)
1K in coming 30 to 40 years is enough?
NO taking into inflation condition?
*
hmm true also…. 1k from me 1k from wife… retire nothing much to do d.. can gua
ListenToTheWind
post Sep 26 2024, 01:10 PM

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Can la. This is provided house paid off, no outstanding loan.
And the calculation is for per pax, not per household. Meaning if household got hubby and waifu, so each person got RM240k in each other EPF.

RM 33 pocket money per day, okay la, do-able.
nelson969
post Sep 26 2024, 01:12 PM

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impossible, if the person dont have insurane and parent aging behind them, then yes
KenM
post Sep 26 2024, 01:17 PM

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QUOTE(smallcrab @ Sep 26 2024, 11:57 AM)
So many temptations.

Ipong
Honda civic
Overseas trip
How to save money, owaiii
*
downgrade sikit la..

iphone, compatible
honda, no door
overseas trip, penang
then got money to save lor! 😂
seather
post Sep 26 2024, 01:20 PM

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1k per month?

if u not healthy... medical expenses will kill u
if u healthy... no money for anything beyond basics means u just waiting for death..

14th floor better...
whphon
post Sep 26 2024, 01:20 PM

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cari kerja lah
Ayambetul
post Sep 26 2024, 01:23 PM

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Under 30 apa lanjiao they expect?


Ayam under 30 time 10k oso elek

This post has been edited by Ayambetul: Sep 26 2024, 01:24 PM
Ayambetul
post Sep 26 2024, 01:25 PM

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QUOTE(pisces88 @ Sep 26 2024, 12:44 PM)
i swear i see this kind of news / thread every few months 🤣
*
Agenda BMX
soul78
post Sep 26 2024, 01:28 PM

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250-500k is wokay if you're dying in the next 10 years time!.
TSpokemon
post Sep 26 2024, 01:28 PM

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QUOTE(tatabun @ Sep 26 2024, 01:07 PM)
hmm true also…. 1k from me 1k from wife… retire nothing much to do d.. can gua
*
Hope there is no maintenance fees for your house and car?
Quit rent and assessment are based on your properties values.
RM2K from both you and your wife cannot cover 20 to 30 years later minimum wages, currently at RM1.5k.
SUSKaya Butter Toast
post Sep 26 2024, 01:29 PM

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5m is just nice.
loserguy
post Sep 26 2024, 01:32 PM

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QUOTE(pokemon @ Sep 26 2024, 01:04 PM)
1K in coming 30 to 40 years is enough?
NO taking into inflation condition?
*
I think estimate is for today. 240k is for 20 years starting today.

It assumes whatever inflation will be covered by interest from savings.
ernie ball
post Sep 26 2024, 01:33 PM

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lol wut
What’s next:

90% of newborns do not have at least RM90 in their kwsp account, Malaysia is at a critical retirement crisis.

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