Retiring in MY. Need how much?

Knowing our North Neighbour: Retiring in MY.


https://theedgemalaysia.com/node/737967

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Merry MY boleh😘🎄🌲.

* aim for "basic" RM390,000 savings by 60. (Drawdown:  RM1,625 p.m.)

* “adequate” savings of RM650,000 by 60yo. (Drawdown: RM2,708 p.m.)

* “enhanced” savings of RM1.3 million by 60yo. (Drawdown: RM5,416 p.m.)

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EPF retirement 20-year drawdown payout:
* adequate savings of RM650,000 (which works out to RM2,708 per month for 20 years)

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A senior citizen living in:
* Klang Valley, KL: need RM2,690 p.m.
*  Georgetown, Penang: RM2,620 p.m.
* Johor at RM2,500 per month
* Alor Setar, Kedah: RM2,160 p.m.

Sharing:

1. I ever asked a MY working in SG, about retiring with S$3,000 p.m. in SG. Her answer was: Difficult in SG.

2.  Then I asked again about having RM10,000 p.m retiring in MY.  Without hesitation, her reply was: "Definitely can!!"

~~~

3. For a SG retiree with CPFLife payout: S$3,000 p.m, or S$3,000×3.2 = RM9,600 p.m.

After paying rental, one can retire FAT in MY boleh.

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