just pay water electricity bills.
no need wifi, astro. just use mobile phone.

if already retired, just live frugally la.
who want to talk in the back said this old people unmeployed la, useless la, etc.

Not enough. 350k at 5% dividend rate can get you 1.5k monthly only.

That's below b40 level

i imagine the scenario of pensioner is like,
morning go kebun kejap sejam dua. petang lepak dengan kawan yang belum mati. malam lepak surau.

1.5k paying nothing tak cukup?
old people dont eat much. entertainment pun tak layan sangat

but then again you got of tons of money, but you cant eat much, you are lacking of energy, no mood to travel. not much point either.
also you can spend the whole fund as fallback, why must limited to interest only?

Gentingkan ada. 1 kali kena. Siap selama-lamanya.

500K upon retirement ???..... DEPOPZ liao lor....

5mil Ktard standard if wanna live in KV area... if not keje sampaii matii

2-3mil doable in kampung...

500K doable in jungle...

Ayam target retire at 55 also, target 3 million epf and other savings.
5% dividend will net around 12k per month for spending

Of course priority is different, when retire:
1) I want to be able to belanja my grand kids
2) pigi holiday bring family
3) travel sana sini look see got what interesting
4) drive BMW or Merc

1.5k not enough lor

And when retire at 55, I plan to work at non stress job. Like drive grab, volunteer cleaner, etc etc. Because mind still need to use, if no use later become senile

really gila

Even if got 3-4 mil also have to be cautious to retire

Use epf app to estimate money when you retire based on current salary, increment level, bonus level etc.

depends on your living standard, for me, i think 10k per month is comfortable, so i have to aim for 4M @ 4% return/annum.

Based on my estimation, if i can tolerate with work stress till 60, then i can retire with 10M, that should be more than enough.

If no cheong, enough.
If cheong, not enough.

Another way to look at it is… if your monthly expense is RM10k.

Then your investment (cannot withdraw) return needs to yield 5% per annum i.e. 2.4M.

So without worrying when you will die you will have 10k per month to spend.

Meanwhile 2.4M (at 10k per month) can last only 20 years depending you dont open spend on crap and con by friends/family …

This post has been edited by p4n6: Jan 28 2025, 12:10 PM

There are people who live with less. Not comfortable but still living.

i think.. if all loans settled.. hubby and wife.. 3-5000 per month will be ok..
anything less,will be a little stressful

Enough if you planned to RIP at age 56

If totally healthy live too long pun maybe got financial problem.
Inb4 got anak, no problem.

are u talking about today or 10 20 years in the future? u also need to be more specific with lifestyle. how often eat out? do u plan to just sit at home all year/every year or go traveling? are u frugal or spender?

This post has been edited by annoymous1234: Jan 28 2025, 12:30 PM

500k all in nvidia, goreng to 3m then cukup

I have seen that retired hub and wife use less 2k for monthly expense in. that is in perak.