the scenario is you are 55 or maybe 60.
house loan settled. even you have another house at kampung, also settled.
car loan settled.
at 55 all your loans settled.
your kids all ady grown up and they live independently
and then you pencen with, let say 350k in saving and/or investment, just for yourself and/or with spouse

i think it is enough enjoy a bit and put the rest in investment or fd or whatever compounding.

not enough, vietmoi will say her rumah kampong flooded, need RM300k for repairs/renovation

usually at that age, u will have some sort of a health problem. if unlucky, multiple.

if u totally healthy no issues and u don't spend like crazy maybe.

if u r not healthy, can't last long with that money alone

The subject whether retirement fund enough or not needs to discuss together when you expect to die … as long as do not die, money not enough…

300k-500k saving + house + car + ???

now 55 or 60 surely can, the next group of 55 or 60 surely cannot

no commitment and got insurance then should be fine
best got rental also

can if u live frugally in rural area.

maybe part time job jaga.

those jaga at school they have about 100-200k when they retire and do part time jaga job.

in kl /selangor cannot.

1 night KTV lets say 1.5k budget level

1 week once...u do the maths lo

Not enough, your daily, monthly and yearly expenses, where to get, don't hope from children, nowadays cost of living went up,

got kids as rezeki okay what.

actually raw material cost in kampung are not cheaper. if house already paid, the cost living will be around the same.

55-60 insurance mana ada , is expensive, have to rely on gov hospital.

calculation based. tldr 25 times annual expense. u will be putting in high interest saving like epf then withdraw 3-4% a year until u die.
500k means u using 20k a year. if this is sufficient then good for u
FIRE proponents may start by calculating their FIRE number, generally 25 times their annual expenses, which is the amount of money they expect to need in order to retire comfortably.
Typically, FIRE followers withdraw 3% to 4% of their savings annually to cover living expenses in retirement.

that's why need buy early
55 not too late also

yeah. if u got health problem, kencing manis sakit jantung, 1 mil also no use

than we need to set date when to die also in the retirement plan

You need min 10 mil

if hit 70s, insurance kompeni will tendang instead.
i am concerning that my father insurance will matang before he hit 70. he even said he didnt get surat price increase last year.

later kena scam call, lose all money jugak