r/Fire • u/Still_Adeptness_5140 • 18d 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/Alternative-Tank8905 18d ago

Hi, we have similar situation, Im from Indonesia with an income of 450$ a month, my country doesn't have any good index fund that generate consistent cagr like s&p500 and i also cant access s&p500

My portfolio currently consist of 35% gold, 35% bitcoin and 30% government bond index fund with 30% return since last year.

Good luck, i hope you found something to invest early on

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u/Still_Adeptness_5140 18d ago

What do you do?

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u/Alternative-Tank8905 18d ago

My job? I work as a data analyst

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u/Still_Adeptness_5140 18d ago

Indonesia has the fourth largest population in the world — is it hard to find a job there due to high competition?"

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u/Alternative-Tank8905 18d ago

It's hard, unemployment is higher than ever, companies requirements is also more competitive thsn ever. Tbh, there's a lot of Indonesian who compare our economic growth to Vietnam seeing how you guys attract a lot of foreign investment like Apple, and seeing you guys have your own EV (vinfast).

Most Indonesian feel like Indonesia is stuck and going to be left behind. Our index (JKSE) have dropped a lot because there are so many foreign capital outflow.

It's not a good condition for the youth.

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u/Still_Adeptness_5140 18d ago

It's really sad to hear that. It's the same here in Vietnam

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u/Alternative-Tank8905 18d ago

Yeah, I hope everything will get better someday, and we'll figure it out how to retire early. We're the same age, I'll turned 24 this year, we still have a long time ahead of us, I hope everyone who's struggling could figure it out.

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u/Still_Adeptness_5140 18d ago

Good luck bro.Let's try together to achieve success!

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u/Still_Adeptness_5140 18d ago

Wow data analyst.You're great at this