I'm planning my retirement soon, moving into semi-retirement soon. It's time to come back one of my likes- blogging and random nagging again! Wow, I just realised I started here 15 years ago!
- First, accumulate towards 500,000, then the compounded interest will take care of you! 10K annually is it a lot to ask for? Not really. It's average 833.3 per month.
- If you are typical Malaysian, RM833 per month with EPF contribution of say 24% from both yourself and employer, the salary requirement will be around RM3,500. Your salary and benefits should increase along as you grow more experience.
- Then, 7% is it too much to ask for? Yes for certain capital market, but hey, we are at good country with EPF returning us good dividend track record many years near to 6%, I'm happy enough!
Chart below is EPF return since 1952, 6% is really achievable
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