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

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.

Don't forget about inflation. It makes a big difference 10, 20, 30 years from now.

These people are not living...

they are just surviving... still living pay to pay just that it's not paycheque now but monthly passives


living your life means :-

- doing the things you want,
- eating the food you crave,
- visiting the place you wanted to go...

Govt pensioner free medical at govt hospital ..

all in btc

Remember, Trump not yet unleash his final form

One tweet RM will crash until Venezuela-tier currency

nasi lemak tepi jalan RM30 minimum that time

This post has been edited by SerioseCat: Jan 28 2025, 12:50 PM

U saying in SGD or USD?

Like that have to queue now.

got pencen

got 350k = extra RM1k+ per month

can la

If your spending per month is RM2k, you can last about 20 years.
If you stay in Damansara, definitely not enuf but if you choose Batu Gajah then happy living. Just do what is necessary.

Hahaha... Your children will rage no inheritance.

Not even close to enough.

Not yinuf.

Invest in creepto. Peram 10-15 years.

Rm1.5-3mil minimum to retire sufficiently…

Inflation is a silent killer…last time one meal with drinks rm3+

Nowadays is rm10…

Comlanfirm cannot la bro.
Assumed you retired at 60 and you live until 80 years old.
Assumed no in inflation. You got no sickness.

500000 / 20years / 365 days = Rm68 per day you can only spend. Rm68 expenses is include your 2-3 meals per day, utilities bill, car maintenance, petrol and more. Unlucky if you out live 80 years old then what you going to do?

Enough if you 14th floor when you 70

by the time we retire rm50 will be like rm10 now

Ya I agree. Many ppl didn’t think of inflation. For me at the age of 42, and planning to retired at the age of 45. I at least need 3.5mil by age of 45.

If you think that is not living just surviving means you are lucky to never been in survival mode before.

By your logic someone retiring with 10k per month also not living if what they want to do cost millions.
Food they want to eat are daily wagyus and expensive sushis.
Places they want to visit are luxury resorts.

This post has been edited by LamboSama: Jan 28 2025, 02:17 PM

You need to have a medical card and life insurance

If not you will drained your entire savings

For most people at 50 onwards or above 50 should have minimum RM1mil

Upon retirement including epf if use wisely is enough

We can't live that long anyway. Just enjoy

Keep vietmoi at dungeon saves a lot.

the thread starter is asking about retirement right. the fundamental rule to retirement is passive income/expenses ratio is always more than 1.

I see many asking is this number enough, that number enough. its never ending. You are suppose to use your cashflow to gauge if u can retire or not and not your capital.

If u look at absolute number in term of net worth i am 100% certain u dont have a plan and can never retire

This post has been edited by jyll92: Jan 28 2025, 02:31 PM

Correct. So it's all depends on ts spending habits and expenses.
Got expensive lifestyle then need more. If minimalist then way less.

This post has been edited by LamboSama: Jan 28 2025, 02:40 PM

no. u need 2m

yes thats the fundamantal rule. everyone is different. the next rule for retirement is having asset class that can consistently hedge against inflation or beat inflation over a long period of time.

if u can do this 2 which are not easy. I am sure that ull be financially free

This post has been edited by jyll92: Jan 28 2025, 02:46 PM

Live at kampung. Spend RM2k a month and apply for SARA, BR1M, Kebajikan,

Can live for another 10 years.

Many here say plan for inflation, inflation is a killer. 3 million minimum. Pandainyer planning kekwa

But many never plan in case of early demise. Force themselves to work hard to target 3m at 60 and then if unlucky at 61, their kids will be so happy.

Ayams B40 humble advice, don't assume you will live long. Enjoice first. Tomorrow is not guaranteed. The only thing you have is the present.

Got anak(rezeki) jaga maybe ok
Inb4 15th floor

a pensioner live with spouse, eat whatever the spouse cooks.
i dont think at 60 i will eat much.

as i reply before.
bills is only water and electricity. internet mobile phone enough. eat not much. usually what cooks at noon, will eat at evening dinner too.
not much petrol since you pergi surau naik motor saja. in the morning go kebun for few hours

obviously not enough , later God play a joke on you then u suddenly live until 100-200 , macam mana

always fall back on epf , especially 1,000,000 at least for the juicy dividend , or /k standard, 5mil EPF

can guarantee you , Rm300,000 or even RM600,000 wont last u around 10-20 years.

also remember, your family / friend also ask u money unless u dont have any family / friend. The world is just 2 crab in a bucket world and snobbish world.

that what i want to pointed out
as an veteran at 60, what more you want to chase right?

If you have 500k in 1990 maybe can survive

2025, obviously not enough

I compared my life insurance bought 20 years ago, and what I bought 5 years ago...hahahaha, i can say due to inflation, what I bought 20 years ago, is useless.