Many Malaysian talk about retiring with millions in the bank.

When ask about how much they can save a month, a lot says around RM2k to 5k, which is a respectable amount.

However, their so call saving doesn't factor in those large 1 off purchase like oversea trip per year or the latest gadget, which could easily eat up quite a portion of the savings.

Imagine you save RM5k every month and till year end you got RM60k saved for the year but in between you've spend RM20k on oversea trips and luxury purchases, how to hit the million ringgit retirement target then?

Europe trip easily cost RM20k.

Even if you just go Japan or Korea, easily cost you RM5k per person unless you plan to cheap out like staying in the cheap hotels and eat at their convenient stores.

Also, if you plan to change flagship phone, easy another RM5k++

Clothes, bags, a lot of other stuff most people don't realise that they've spent on.

That exclude those with hobbies.

I think 5k is easy for single especially when you are older.

30's, 5k is quite easy.

40's, 10k would be easy

50's, 15k shouldn't be much of a problem cause you've already at your peak.


Would be much harder if you are talking about having a wife who doesn't work or earning very much less and you need to feed multiple mouths.