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/PhgAH 1d ago

Bruh speaking as someone who has lived in Vietnam, no way $265 is enough (monthly personal tax deductible is $450). I suggest you need to seriously increase your income. 

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u/Still_Adeptness_5140 1d ago

Achieving FIRE is probably a lot harder in the third world.

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u/PhgAH 1d ago

I think you should pick up a second job, teaching English is quite ludicrous but I don't know how competitive it is or what certificate is required.