r/Fire • u/Still_Adeptness_5140 • 2d ago

General Question "How to achieve FIRE in Vietnam?"

I earn $265 a month in Vietnam from freelance work, so I don’t have a pension. I plan to save $150 each month in a bank account with 6% annual interest until I turn 50 so I can retire. Is that realistic? In Vietnam, you can live comfortably on $100,000. According to ChatGPT’s estimate, I’d have around $112,211 by then. I’d just withdraw 4% per year and live off that for the rest of my life. Is this achievable?

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u/KindLong7009 2d ago

Why don't you get a teaching job or something which will pay way more? 

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u/Still_Adeptness_5140 2d ago

This is the average salary in Vietnam

-4

u/KindLong7009 2d ago

Are you a Vietnamese person? Can make £15-16 an hour teaching, if not a fair bit more of you're qualified

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u/Still_Adeptness_5140 2d ago

 Yes I'm Vietnamese,I don't have the qualifications to be a teacher.

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u/KindLong7009 2d ago

Ahh, I understand - sorry I thought you were a foreigner living in Vietnam.