This Is How Much Money You Need if You Stop Working in Malaysia

One day, you will stop working. Do you ACTUALLY know how much you need to make beforehand? Let's find out together.

#malaysia #mrmoneytv #retirement #money #investing

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[MrMoneyTV]

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[CliveBirse]

Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.

[ahsoongoh]

That aside. I think 7k per month is very high. With proper family planning. By retirement, kids already start working, house loan should be paid off. By pure monthly expenses considering one couples. I think 4-5k base on current price is more than enough. Myself at most spent about 2k per month on personal expenses, and that include petrol and toll which mostly used for work. So base on 5k per mth current. By retirement, if follow your calculator. 2.5m combine (Me + wife) is enough.

[vinvin]

Your computation is ideal for T20 group. However, let's be honest. Average Malaysian household (talk about M20 group) is earning probably RM5k-RM10k pm. Yeah household (means at least 2 to contribute?). What you calculated is for 1 person? It will be more intriguing if you can work out a formula base on current M20 group in order for this group to achieve the desire computed numbers. Whether you like it or not, M20 group is shrinking post pandemic.

[NaufalKnoechel]

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months, my portfolio was reading $274, 800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

[MrMoneyTV]

😂 So what’s ur retirement number?? Tell us here!! Let’s get a gauge of how much Malaysians need!!😮

P.S If you've signed up for the retirement calculator, do check out the welcome email as the calculator will be at the end of the email 🤗

[khalid]

Please give a raise to your editor. Very fun and informative video.

[MsMiser]

The last 3 years (2020, 2021, 2022), actual inflation in Malaysia has soared above 10% year over year while retirement income remains flat (savings growth around 5%-6% from EPF for the layman). So, actually most of us retired folks are on deficit now. When you're retired, you can't afford to put your money in risky assets.. only fixed income. In the next 20-30 years.. I'm not sure Malaysia if inflation can be lowered than what most EPF can project to earn without continue to work and contribute till we are 70s.

[LimReviews]

GG. I studied all these in Uni last time but forgot everything already. Thanks for refreshing my memory. I still don’t remember anything 😂

[rafiqmuhamad]

IMO, many of the assumptions are wrong. Assuming that you would need 16k a month at the age of 80 is kind of simplistic. While there may be inflation, your expenses at the age of 80 is not the same as when you are 30.

[TenHorizons]

Such a high quality video, helps my short term attwntion span a lot 😂 Keep up the good work! Saved this to favourites so I can show my friends❤

[GhanYt]

Making money should be a routine A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k.

[rameshgnasegarah]

If he says anything less than 1.5 million pls unsubscribe

[Aaina]

perfect editing as usual lmao you're hitting the right target age demography using the right delivery method when imparting crucial info :Db

[ianng]

Good job on this video. I have been teaching FIRE no. in usa for years now. Good to see this in the context of Malaysia.

[PartyPeopleVEVO]

1:42 So good. I thoroughly enjoyed this part

[surainvictor]

Well done!! Thank you for sharing your knowledge. Much appreciated.

[dequadin]

This clip is very educational and real. Enjoy those funny editting too. Thanks sir

[sofarsogood]

The video is good and give common people future insight on financial

[incisor]

I make things simpler. I assume inflation is 4% and my investments can get 4% returns. So if I retire in 10 years time at age 50, personally I would need 100k per year, each year only withdrawing the returns (4% return pa of RM2.5million). The monetary value would be lower by the time I am 70 but the RM2.5 million is still there. Yes the 100k per year would be less and less but still got hands and legs and hopefully not brain dead so can do some simple "passive" work or active investment to gain more than the 4% FD rate to cover the loss of purchasing power.