When Can I Retire?
55? 60? 65? Or You Pick. Someone said that the the most rewarding for retirement is "I am free to do what I want, when I want, and how I want. I no longer have to plan my life around someone else’s schedule. I am no longer controlled by a job."
Have you ever asked yourself, "When Can I Retire?".
Many people are clueless on how much they need for their retirement funds. That’s maybe the reason.
Oil price is on the rise, inflation is going higher.
How do you work out your retirement fund number at this ever-changing market? How to make your money work harder than you?
There are 3 magic numbers you maybe thinking, related to 3 key questions which lead you here:
1. When can I retire?
2. How much can I withdraw during retirement?
3. How long will my money last?
1990s RM2.00 can buy 2 cups
Today RM2.00 can buy 1 cup
First step, review your personal finance. Do a simple math on your income(in) and expsenses(out). Second, try to key in your desired numbers on the calculator. Lastly, have a close look at the chart at the bottom.
Not sure on how to use the calculator? How to achieve your desired numbers and still enjoy your life?
Book an appointment to find out more.
Reference from KWSP: 5 Expenses After Retirement That Often Go Unnoticed