You don't need to slog so hard to accumulate $5m to retire. Unless you want to retire living in a bungalow. If you have $2m, if you retire in Malaysia, this means you will have RM5.6m! You're a multi millionaire!
My retirement plan is simple: I will rent out my
HDB flat for $3k pm and my passive income will give me another $2k pm. In total I will have $5k pm. I will convert this to get RM14k pm and retire in Penang or KL. When we reach 65, we will get another $3.5k pm. So we will have lots of passive income at 65, $8.5k pm or RM23k pm.
Quote:
Originally Posted by Unregistered
There are two school of thoughts
One say that when reach $2m, then can slow down pace of living.
The other say cannot end prematurely and need further drive to $5m
I am in the cross road with $2m now
What should I do?
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