How We Can Retire With 100,000 USD
By rudz006
@rudz006 (209)
Malaysia
February 4, 2007 1:14pm CST
Just imagine if you come to Malaysia with 100,000 USD,you will have RM 360,000.You can migrate here with that amount of money you put in Public Mutual Fund (bank in Malaysia)that give you 16% divident per year.
So you will get RM 57,600 every year where you use it for a year.That means you will get RM 4800 per month.If you get RM 4800 a month in Malaysia it is already enough for you because the cost of living is low.
The more lower is Bangladesh.1 usd = 13 taka
What is your opinion?
1 response
@saintz87 (439)
• Singapore
5 Feb 07
I think that we need at least 1 million in our accounts when we retire. That is because we have to consider other fees like, utlities, transportation, daily expences, MEDICAL expenses, insurances, car, housing loans. I doubt we can just draw of that 4.8k per month as many banks only pay per annum rather than monthly.
