Retirement extraordinary

Most people here worry about retirement while millions and billions around the world worry about their next meal. We sometimes worry unnecessarily. If we have an open mind and see the world as our oyster, then we will be less worried. Good for our health and well being.

For those who wish to retire early in their 50s but do not have so much assets, don’t worry. You can still retire if you change your life’s perspectives. If you don’t have any dependants and paid up your home and have some savings, you can retire. Not here though. You can retire in cheaper locations all over the world.

Take for example Malaysia. There are good places to retire in Malaysia. Places such as Penang, Ipoh and even KL. It all depends on the kind of retirement lifestyle you desire and the amount of resources you have.

If you sell your HDB flat for $500k, you can then invest in a portfolio of good blue chip stocks giving you an annual dividend yield of 5%. This means you get $25k pa in dividends. When you convert to RM, you get RM78k pa or RM6.5k pm.

Retire in Penang at age 55, assuming no dependants

Rent a small condo in Penang RM1k pm
Food and utilities RM1.5k pm
Car petrol and expenses RM0.5k pm
Others RM1k pm
Total RM4k pm
Savings RM2.5k pm

You can also retire in other cheaper locations such as Chiang Mai, Kota Kinabalu, etc.
With budget airlines, travelling has now become cheaper.

When you reach 65, you will become very rich. CPF Life ERS will give you and wife $4k pm or RM12.6k pm. Total passive income RM19k pm. Wow!!!!! With this amount of money, you can retire like a rich tycoon!

So, don’t worry, be happy. Open your small mind. Don’t be stupid.