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 2mil in EPF at 35

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sunami
post Oct 12 2024, 09:38 PM

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QUOTE(friedricetheman @ Oct 12 2024, 12:13 PM)
I am RM5.1k a month bus driver but satisfied with his earnings. No complains here. Enough to eat, enough to spend..
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So much?
Ayam just rm2.6k nett
Questions12345
post Oct 12 2024, 09:38 PM

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QUOTE(diffyhelman2 @ Oct 12 2024, 03:44 PM)
damm. but why her account 3 is so disproportionately little? at 2 mil shoud have 6 digits in account 3 already
Drian
post Oct 12 2024, 09:39 PM

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QUOTE(Questions12345 @ Oct 12 2024, 09:38 PM)
damm. but why her account 3 is so disproportionately little? at 2 mil shoud have 6 digits in account 3 already
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you do realise akaun 3 was just recently implemented right?

p4n6
post Oct 12 2024, 09:40 PM

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QUOTE(Questions12345 @ Oct 12 2024, 09:38 PM)
damm. but why her account 3 is so disproportionately little? at 2 mil shoud have 6 digits in account 3 already
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Only started May 2024, even Jho Low in Malaysia may not have …
silverhawk
post Oct 12 2024, 09:42 PM

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QUOTE(MasBoleh! @ Oct 12 2024, 03:47 PM)
Big law firm you means? Or those shoplot law firms? Can earn that much?
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If you partner in those big firms, your annual income easily in the millions already

Those shoplots also can get paid pretty well. It doesn't matter what the shop lot is, it depends on what sort of contracts/retainer fees they do. Good lawyers are not cheap.

QUOTE(Revoz @ Oct 12 2024, 04:47 PM)
Let say she started working since age 20 with salary 50K per month. Work til age 35 now, 15 years.
Can reach how much in epf if without self contribution in 15 years?

Dun think she can get 10K-15K per month salary during 1st 5 year starting job.
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If start at 50k/month for 15 years. Without any voluntary self contribution and dividends already will deposit about 2m into EPF.

QUOTE(diffyhelman2 @ Oct 12 2024, 05:02 PM)
She posted a screenshot of her balance in post 83
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As if we all don't know photoshop exists laugh.gif
Questions12345
post Oct 12 2024, 09:42 PM

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QUOTE(Drian @ Oct 12 2024, 09:39 PM)
you do realise akaun 3 was just recently implemented right?
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yeah. she said she didnt do any withdrawals. ok make sense now.
bigduck
post Oct 12 2024, 10:00 PM

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QUOTE(Questions12345 @ Oct 12 2024, 09:38 PM)
damm. but why her account 3 is so disproportionately little? at 2 mil shoud have 6 digits in account 3 already
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i think she withdrawed
Questions12345
post Oct 12 2024, 10:04 PM

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QUOTE(bigduck @ Oct 12 2024, 10:00 PM)
i think she withdrawed
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in her post she said she didnt. so i guess she left her account 2 as it is and didnt do some transfers to account 3 for some withdrwals.
OrientalGopi
post Oct 12 2024, 10:05 PM

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QUOTE(Chanwsan @ Oct 12 2024, 11:09 AM)
Me 25 already got 2m in epf no open thread also
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Same but i lesser than u abit

Mine was 1.99m..no open tered also
TSkawa_e
post Oct 12 2024, 10:15 PM

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QUOTE(Revoz @ Oct 12 2024, 04:47 PM)
Let say she started working since age 20 with salary 50K per month. Work til age 35 now, 15 years.
Can reach how much in epf if without self contribution in 15 years?

Dun think she can get 10K-15K per month salary during 1st 5 year starting job.
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The OP replied started at below 5k and within 5y got 20k
Work hard and be good at what you are doing is her advice.
blmse92
post Oct 12 2024, 10:20 PM

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QUOTE(diffyhelman2 @ Oct 12 2024, 03:44 PM)
envy-nya I want to reach 1mil also hard sweat.gif

This post has been edited by blmse92: Oct 12 2024, 10:20 PM
novblaze
post Oct 12 2024, 10:24 PM

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QUOTE(bengang15 @ Oct 12 2024, 07:10 PM)
So how much starting salary to get to 2mil in say 15 years?
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Assume works from 22 to 35 is 13 years.

Need around 30k to 40k a month from starting with compounding interest to get 2m epf at age 35
anakkk
post Oct 12 2024, 10:25 PM

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i work 20 years also no 1 mil sob sob
tohff7
post Oct 12 2024, 10:26 PM

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RM2m EPF at 35. the star must be well-aligned for her

what about other life commitments that generally take up big chunk of expenses

buying own house, car (if necessary for work), marriage, supporting parent (if needed)

of course if she's not facing all these, just maxing RM100k contribution every year is easy with her high-paying job


MGM
post Oct 12 2024, 10:40 PM

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QUOTE(novblaze @ Oct 12 2024, 10:24 PM)
Assume works from 22 to 35 is 13 years.

Need around 30k to 40k a month from starting with compounding interest to get 2m epf at age 35
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Without compounding interest only needs
2000000/(13x12)=12820/month to reach 2mil.
novblaze
post Oct 12 2024, 10:45 PM

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QUOTE(MGM @ Oct 12 2024, 10:40 PM)
Without compounding interest only needs
2000000/(13x12)=12820/month to reach 2mil.
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That's epf contribution. Need divide back the 11+13% to get the amount of salary
BL98
post Oct 12 2024, 10:49 PM

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Alice still finding job. We need to support women and empower them.
Wedchar2912
post Oct 12 2024, 10:50 PM

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QUOTE(novblaze @ Oct 12 2024, 10:24 PM)
Assume works from 22 to 35 is 13 years.

Need around 30k to 40k a month from starting with compounding interest to get 2m epf at age 35
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the reddit lady confirmed her salary now is 50Krm...

and she did contribute extra also the past few years... so definitely doable.

the real impressive part is her pay being 50K rm at the age of 35...
tohff7
post Oct 12 2024, 10:51 PM

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she said

her starting salary is less than RM5k. Within 5 years of working, hit 20k salary

apart from EPF, got 1m in stocks, 2m in FD. and 1 property (gifted by parents)
tohff7
post Oct 12 2024, 10:54 PM

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some more very worklife balance.

"cannot count how many times she needs to stay in office beyond 5pm since it's so rare"

wish she said more what's engineering job she's in and which company/MNC

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