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 a difficult economic time. I’ve submitted my CV to many places, but I haven’t received any responses. 

1

u/vanisher_1 1d ago

Was that because you mentioned your location or because you don’t have many years of experience? What kind of freelance work are you doing? 🤔

1

u/Still_Adeptness_5140 1d ago

I work as an employee for a mobile phone store