RM1mil needed for retirement


Plan early: Malaysians need to strategise to increase their retirement savings to meet the ‘bare minimum’ needed to live adequately. — AZHAR MAHFOF/The Star

SHAH ALAM: Those retiring in 20 to 30 years will need to have at least RM900,000 to RM1mil, says Employees Provident Fund’s (EPF) chief strategy officer Nurhisham Hussein.

This would be the “bare minimum” after factoring inflation and medical bills, among others, he said.

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Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

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Employees Provident Fund , EPF , retirement

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