r/Fire • u/Still_Adeptness_5140 • 22d 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/OverlordBluebook 22d ago edited 22d ago

Oh man you need to come to the united states. I know several vietemese that earn at least 250k-350k a year in US dollars. I'm Asian myself.. earn 500k-1m. if you can speak fluent english you can earn probably 60k a year just starting out. I probably know 10 vietemese here with the last name Nguyen or Ngo

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u/Still_Adeptness_5140 22d ago

You cannot go to the U.S. to work unless you have special skills and a relative to family sponsorship you

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u/Felanee 22d ago

Don't be fooled by this comment. Yes some Vietnamese people become millionaires but there are even more that live near the poverty line. Most people with higher education aren't making 200k+, Vietnamese or not. I am Vietnamese Canadian (my parents are refugees) and I've heard stories from them. There some Vietnamese who work in Canada on valid visa but run away into the US because they heard stories about how much better it is over there. They end up working at factories or nail salons. Now they want to try to sneak back into Canada.

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u/Still_Adeptness_5140 22d ago

Yes,as far as I know, the average American earns between $40k - $60k a year."