Hhnnngghh

with or without kids?

By the time retirement age, kids already working and is self sufficient

3? Lol

Get real ... At least 10

WHEN? NOw, 10, 20, 30 years later?

3mil? x mampu la.... i hit half enough 1.5mil not so stress

last i heard is 1mil at least, now up 3x lmao

they are talking of the newly revised number of min 390K to retire min... no longer 240K...


but Ktard standard... if retire no 20K monthly income from all your passives... baek keje sampai mampui jer...

by age 60yo, kids grown up start to work, house loan car loan paid off.

3mil 5% per annum is 12.5k per month blow aircon goyang telur at home.

not counting wife retirement fund.

Everyday switching goal post. By the time retire, no 10 millions will have to live like beggar

In the perfect world where you hv salary increments and minimal monthly expenses, 1 kid in gomen/sjk©. 2-3 local holidays, eat out once a week, money invested in asn/asb/asw/fixed deposit, drive saga/bezza/kapchai to work.

consider inflation already or not? to be safe, i would say 6 mil, baru enough.

This post has been edited by commonsense: Feb 13 2025, 07:30 PM

Whatever monei you've saved up by 2030, irregardless of your age... is most probably be the main retirement sum we would retire on...

Just tweak the figure = content!!

Facts my man, facts .

/k standard, 4mil by 75 age . Dividend 20k per month or 15k per month

300k in epf also quite impossible for alot, want to talk 3 million ?

Haiyaa make it simple la, whatever you save is whatever you get.

Today 1 plate of jiken rice is about RM8.

If you save RM500 per month, it is enough to feed you lunch and dinner jiken rice for 1 month,

If you can save RM1000 per month, it means for every month you work, you can stay retired for two months. The more you save, the longer you can stay retired.

Assuming interest rates (EPF) match inflation, this will be true as long as EPF can keep it up.

No need to use magic crystal ball to predict ringgit value X years in the future.

by 2030, gomen should start giving people option for euthanasia....

coz retirement will be a luxury for a select few only... rest would just need to work till they drop...

If you at 30/40 now, don't bother 3m. At least 4m and other income

Just look at how much you are spending vs how much you are saving.

If you spend RM10k but you save RM10k.

It only means you work for 1 year, you can spend 1 year with no income.

If you spend RM15k but you save only 5k.

It means you work for 1 year, you can only spend 4 months retired.

if you are 30/40 now, you have 20-30 years to go, and 20-30 years left to live after that (based on average lifespan), so are you saving as much as you are spending?

Now simply ask a worker bank acc got 50k or not also u will surprise.. lol

What if have rental income?

where? kedah? perlis?

The house/shop is more money sunk in than any rental income you are going to get.

If you really need the cash, selling off the house will get you more money than just collecting rent.

So if you have extra houses, just think of it as fixed deposits that give you monthly interest.

The only good thing is you get to leave it to your kids.

3 million @ 4% pa = 120K rm pa.
so that's 10K rm pm....

where got enough.... that's only T20 level only rite?

Not video by sunkist oren, confirm is fake news.

Crypto is your way to 3m

No money, don't libe too long.

What if u only have rm3 mil, u retire at 55, continue to live until 105? Then rm3 mil, even if invested, is too little.

What is your monthly expenses that your think 3m is too little?

if you are going to die by 60.. even rm 500k is sufficient for retirement.

I know a relative kena cancer, every month spent RM 25k till the end.

Private care givervwas rm6.5k per month, drugs like rm10k per month. Other small small thing ++ estimated 25k total.

This post has been edited by @@@@@@@@@@: Feb 13 2025, 09:49 PM

if kena liao.. and mid to late stage... baek pergi jer....

save money for next of kin... at least they got better chance to survive wiith money that you left for them...

Can your relative live till 105 with such condition?

Lol,can rm like rupiah value is it nex time.
Now 200k majority also Tarak mostly all GG

How about wait till 99 y.o kena, then u will really feel that RM3 mil is never enough / is uncertain.

Or retire 55, 60 kena cancer, then u will also feel that RM3 mil is very little.

should be able to la.. xrp army hodlers coming out from cave also still steady bom bi bi...

If lets say, u can guarantee, no issues, simply fall asleep one day and die, nvm, save money.

someone in /K once say... if it's not your time.. it's not your time...

but if it's your time... - Telan ludah pon bule mati!!!...

I think if everyone put 50% of monthly income into QQQ until retire, most people can have more than RM 3M.

99 y.o kena cancer? And 3mil not enough? What Kok talking.

It’s enough even you 60 kena cancer. Learn how to protect your wealth before retire.

Nonsense la. 2mil is enough already. Assuming u have 2mil in your epf and 6% dividend, u have rm10k every month, free of charge for u to use without touching a single cents of the 2mil.

10k for a retiree aged 60 is more than enough for comfortable. Keypoint here is comfortable, not luxury. The bodo video maker sure fails english and duno to differentiate this 2 meaning.

Not enough if got health problem. I saw before, people kena cancer spent RM 1m to stay alive for 3 years. So if we assume that the retirement portfolio is only RM3m, it feels uncertain.
Therefore, the target should be more than just 3m.

How to do it? Must always have the mindset that we can earn other people's money, but we don't let other people earn our money.

most dun even have rm500 cash 4 emergencies

The reality is most people except gomen servants couldn't afford to retire at 60 y.o, need to work until they are too weak to work.

This post has been edited by icemanfx: Feb 13 2025, 11:05 PM

Is the figure for one person or with spouse?

Current rental income is 10k wor on 3 paid up units

i tot uncle raynmann thread

Now 3 mil
After 3 years maybe 9 mil.

Basically can't retire

Alot of sin kar lan here

If we need 3mil... our kids will need 9 mil...

Coz.. .M2 money supply keep going up..

everyone wants to get a raise every year...

minimum pay keeps going up...

gomen getting lessert people to tax in future coz we heading to aging society...

so have to print more and more FIAT money... to inflaTE our monei...



inb4: Keriptos BTC can't be inflated.. and fixed at 21mil...

Serious,

If you are not multi millionaire no point to spend your hard earn money on medical when you are in third or last stage of cancer.

The most important you need to provide for your children is build right character n education.

So sad to say Malaysia without the right person. Too much of moron. Daily topic = Culture, Race n Religion.

Blood is red, dont believe!? Please cut yourself. We are same.

All this nonsense about Culture, Race n Religion = Scam.

The most cheaper weapon for politic is Culture, Race n Religion.

work in SG lo

Goal post keep changing, that's why so many into scam these days.

ye la tu

3m to retire. Number pull from ass one is it.

Say the person 60 yo retire, live until 95. He can withdraw rm 8750 per month with 4% increment account for inflation.
If roi per year in epf is 5%

8.7k nett income already lower T20 range. Sohai. Betul

When this person at 90yo, he is withdrawing close to 27k per month. Or 327 per year. 90 yo still can spend like that ar?

https://www.thecalculatorsite.com/compound?...=1&c=1&di=&wi=4

This post has been edited by littlegamer: Feb 14 2025, 05:13 AM

Mana Raymann ? He has the magic formula....

Try to calculate against the amount of money you sunk into those units lol.

You also need to remember that you cannot take those units with you when you pass on.

So it is good only if you have kids and you want something you can pass on to them, Plus if you factor in rising house rentals and prices, it will be a big gift to them. Whether they realize it or not, donno la, nowadays is YOLO generation kek.

Don't forget that your employer will also contribute to your EPF, that is a significant amount.

But I take 10k for life won't run out, EPF will finish depending how fast you spend and rental only goes up never down.

Not about pass on or capital gains or ROI, about steady income during retirement and no need put so much into EPF.

This post has been edited by rcracer: Feb 14 2025, 09:13 AM

The key point is how long you can live.

For foreveralone, gomen and your fellow Malaysians thank you

edit: For stable income during retirement,, especially foreveralone, I would say EPF > all. For rental income, you also need to consider that some months, the units may be empty. You will also need to put in some work, repairs, cleaning etc. So far, I haven't touched my EPF yet, seems like it is going to be my emergency medical funds.

This post has been edited by loserguy: Feb 14 2025, 09:24 AM

when you get a big C , no amount of money is meaningful.

Comfortable lvl lain lain.

If I 35 now..how much do I need to retire comfortably at 55 and live until 75 let's say? 4m ke?

Comfortably here assuming can sustain 10k per month life style? But I don't know how much is 10k in 20-30 years from now

This post has been edited by Duckies: Feb 14 2025, 09:23 AM

if a graduate start working now.. 300k not impossible but wont be worth much by the time he retires in 30 years... can get 300k within 10 to 15 years on a corporate job with no withdrawals of epf i think

i think half of it can get B40 income already.
enough for food & utilities.
1.5M is enought.
if need more money, sell the house & rent the room.

no need that much la.......based on current working trend in Malaysia all employee will die before reach retirement age

IMHO, just use simple numbers

How much is going into your epf each month? And how much is already in there?

Eg you have 100k in your EPF. every month you + your boss banks in 5k to your EPF.

You want 10k every month when retired. But you only bank in 5k every month when working.

1 month retired = 2 months working

35 - > 55 is 20 years, 55 -> 75 is 20 years.

So in terms of work time, you have 100/5 = 20 months in the EPF. Just leave it alone, EPF dividends will take care of inflation.

12 x 20 years = 240 months

Your target is 240 months retired or 480 months working.

You currently have 20 months in EPF + 240 months left of working life = 260 months.

So you are a bit behind and need to increase savings or reduce spending.

So 4m enough to retire kot at 55 with 10k per month spending?

They withdraw their epf

agree bro. i can do with 1mil rm5k per month but if can 1.5mil to be safe, house settled and car settled. This 5k not include waifu's part... Can allocate abit to cheong once per month. owai

lol the numbers are meaningless, because as you said, you won't know how much your money is going to be worth at that time.

Today jiken rice RM8, when you retire how much is jiken rice 20 years from now? RM20?

The easiest way is to look at the value of money today, and depend on EPF dividends to cover inflation. It will usually match or exceed the inflation.

Single guys need less

Depend on where you live and how is your lifestyle I guess.

hope pa ma can cover 1.5 million for me. i cant even imagine 3 mil in this economy with /k standard 20k

RM5mil better.

Before you all start running around naked, just focus on building at least RM1million in your EPF. It doesn’t matter how you get there (legally or illegally) just get it done. Personally know a few close friends who took some illegal shortcuts and managed to retire before 40. Now, they’re just living off their EPF dividends every month doing nothing. For now, EPF is still considered very safe as a source of passive income provided RM1m above.

I can't imagine 1 plate of chicken rice cost rm20 lol, rather cook at home. Now is rm8-rm9. Some areas still got rm7... So after 20 years i think max also rm15 per plate.

Yes, 3 million is possible but comfortable? Debatable especially in Klang Valley.

Take the 4% rule, 3 mil works out to 120k per year (10k per month). 10k is ok, but not really in the comfy zone especially looking at inflation.

Doesn't matter how long I live is the exact point, I can live forever and still have steady income every month, living off EPF is what you really want to make sure you don't outlive your savings.

I only have commercial units, today go yesterday already got people want to rent, nobody are building new commercial so it's always in demand unlike stupid condominiums, every year add 100,000 200,000 units but population decreasing.

And above all that still have EPF untouched and earning interest

Where you get the 4% rule? I take the most safe EPF also 5.5%.

That’s why most Malaysians chosen unhealthy food/lifestyle, so they can die younger and save on retirement funds.

This post has been edited by msacras: Feb 14 2025, 10:13 AM

The 4% rule ia a common guideline in retirement planning that suggests withdrawing 4% of total retirement savings per/year to ensure the funds are able to last 30 years since you won't have active income anymore.

https://www.cnbc.com/select/what-is-the-4-p...t-savings-rule/

This post has been edited by tifosi: Feb 14 2025, 10:23 AM

alot of these "how much retirement fund you need" are super based on your lifestyle in first place

you see those unker aunty living simple life in outskirts of KL with no debts + fully paid car/house + having a small farm at their backyard, these people dont need RM3mil retirement fund to survive, they are very self sustainable

if youre living in city especially when you super reliant on buying all your essentials here there from grocer/markets then yes you will need to buffer up more

as usual, it gets complicated based on how complicated you make it to be. diff folks diff strokes on their expenditure

Let me put it this way.

If you do not plan on passing it down, how much will you get if you liquidate it all?

Now, divide this number by (10k X 12) to get a rough idea how many years this sum of money will last. Pro tip, if you dump it into the EPF at this point it is like a high interest rate savings account. (use the interest to take care of inflation).

If the number of years it can last will be more than a certain number, what do you think?

Are you really sure you can outlive atok?

Running around chasing rent, upkeep, taxes, sometimes doesn't really seem worth it. Unless you are planning to pass it down.

Why trade something unlimited for something limited and chance it?

I don't understand what's the idea of adding risk from something already stable?

and you're not taking into account I'm already collecting the rent now today, not in 20 years time.

and you forget properly agents handle all that, you pay a fee yes but you never deal with any tenants they handle it all.

This post has been edited by rcracer: Feb 14 2025, 10:47 AM

retired with 1mil? how to survive?

Ada awek tunggu umur 19tahun

RM5,000.00 Monthly Income (Passive)

Breakdown:
- RM500.00 medical insurance
- RM4,500.00 Miscellaneous Payments

Other Details:
-House in KL (landed) fully paid by parents.
-Car fully paid by parents.
-Single.

This has been the standard routine for one of my friends, who has been living this lifestyle for the past 8 years.

EPF RM1.3m Also, with the help of his parents, he was able to accumulate that amount in his EPF.

Still not enough?

too risky....
maybe 4mil minimum is safer.... see the prices now and pre covid also giving shivers to think of retirement

Good luck with trying to achieve RM4m above. Really hope you are able to achieve it. Best of luck

if everyone can have 3 million , then min salary is Rm10k

Yet another talented pulling shit outta their ass thru the mouth statement.

may I know how long did he suffer after he found that he had cancer? at what stage when he found out?

They might be LIVING for past 8 years...

now and future they might not be living anymore but SURVIVING...

only leh?...

Nahh. As long as you don’t get itchy backside to buy a new house or car, stay healthy and remain single, RM5k monthly should be good enough for at least the next 10 years.