Retirement requires early planning. For Malaysians, the Employees Provident Fund (EPF) provides a foundation, but with rising living costs, setting realistic savings goals is essential. Recently, a user on platform X, known as The Futurist, shared ideal EPF benchmarks, sparking conversations on strategic retirement planning.
Save RM76,000 by 35 for a Comfortable Retirement, Says Financial Expert
They recommend saving RM57,000 in Account 1 and RM76,000 in total EPF savings by age 35. Additionally, they suggest aiming for RM240,000 in Account 1 by age 55. A young Malaysian’s story of saving nearly RM2 million in her EPF by 35 exemplifies disciplined saving and achieving financial goals.
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