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Old 26-05-2014, 10:33 AM
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Hi,

Just wanted to share with you all that, after 30 years of working super hard non-stop, we finally decided to retire in KL. We are both 55.

Over 30 years, we worked very, very hard, saved a lot and invested. We now own a fully paid prime condo and stocks.

Here is our plan:

1. We will rent out our prime condo at $6k pm and we get stocks dividends. Our passive income will be about $100k pa. After conversion, we will get RM260k pa or RM21k pm.

2. We will rent a nice high end luxury condo in KL for RM5k pm and spend RM10k pm for food, utilities, maid and transport. We will save RM6k pm (or RM72k pa). We will retire like rich Malaysian tycoons.

3. When we reach 65, we will get an additional $28k pa from our CPF retirement payout.

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