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.