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

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

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Employees Provident Fund , EPF , retirement

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