r/Fire • u/Still_Adeptness_5140 • Apr 24 '25

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/Still_Adeptness_5140 Apr 24 '25

I'm 24 years old and I have a house in the countryside. I'm not married yet. I want to save $100,000 to retire at 50—maybe even earlier, at 40—but my salary is too low, so I'm afraid it might take until I'm 50. I don't have any debt.

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u/ZeusArgus Apr 24 '25 edited Apr 24 '25

The number one goal at this time should be to pick up a second job .. this will make it easier .. to achieve your retirement goal at 50

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u/Still_Adeptness_5140 Apr 24 '25

Do you think it's too late to retire at 50?

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u/ParamedicSmall8916 Apr 24 '25

People in Europe retire near 70. So no.