Retirement Savings Calculator Malaysia
To spend RM3,000 a month in today's money from 60 to 85, you need about RM 1,399,967.30 at 60 (RM 755,129.19 in today's money), assuming 2.5% inflation and a 4% return in retirement. A 35-year-old with RM80,000 saved and RM1,000 a month going in reaches RM 859,029.27, which runs out at about 74.2; saving RM 919.77 more a month closes the gap. Enter your own figures below.
Your retirement
Savings needed at retirement
Projected RM 859,029.27: short by RM 540,938.03
| Years until retirement | 25 |
|---|---|
| Monthly expenses at retirement | RM 5,561.83 |
| Savings needed at retirement | RM 1,399,967.30 |
| Needed (in today's money) | RM 755,129.19 |
| Projected savings at retirement | RM 859,029.27 |
| Shortfall | RM 540,938.03 |
| Extra saving a month | RM 919.77 |
| Money lasts until | Age 74.2 |
Inflation and returns are assumptions; review them every year.
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Savings needed at 60 by monthly expenses (age 35, retire 60, plan to 85)
| Expenses today | A month at 60 | Needed at 60 | In today's money |
|---|---|---|---|
| RM 2,000.00 | RM 3,707.89 | RM 933,312.37 | RM 503,419.91 |
| RM 3,000.00 | RM 5,561.83 | RM 1,399,967.30 | RM 755,129.19 |
| RM 4,000.00 | RM 7,415.78 | RM 1,866,624.74 | RM 1,006,839.82 |
| RM 5,000.00 | RM 9,269.72 | RM 2,333,279.67 | RM 1,258,549.10 |
| RM 8,000.00 | RM 14,831.55 | RM 3,733,246.97 | RM 2,013,678.28 |
How the retirement savings are worked out
- Expenses at retirement = today's monthly expenses × (1 + inflation)^years to retirement.
- Savings needed = the value at retirement of those expenses, rising with inflation, paid monthly until the age you plan for, with the rest earning the post-retirement return.
- Projected savings = savings now and monthly saving grown at the pre-retirement return.
- Extra saving = the shortfall spread over the months left.
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How long EPF's benchmarks last from age 60
Spending rises 2.5% a year and the balance earns 4%.
| Spending a month at 60 | RM390,000 (basic) | RM650,000 (adequate) | RM1.3 million (enhanced) |
|---|---|---|---|
| RM 1,500.00 | 86 | Past 110 | Past 110 |
| RM 2,000.00 | 78.5 | 94.3 | Past 110 |
| RM 3,000.00 | 71.8 | 80.9 | Past 110 |
| RM 4,000.00 | 68.6 | 75 | 94.3 |
EPF's retirement savings levels
- Basic savings: RM390,000, raised from RM240,000 and phased in by 2028.
- Adequate savings: RM650,000.
- Enhanced savings: RM1.3 million.
- Review: every three years from 2029, using the Belanjawanku study of living costs.
Sources
- Utusan: Three levels of retirement savings
- NST: Basic benchmark raised to RM390,000
- RTM: KWSP policy improvements
- Malay Mail: EPF 6.15% dividend for 2025
Disclaimer: A planning estimate, not financial advice. Returns, inflation and lifespan are uncertain.
Frequently asked questions
How much do I need to retire in Malaysia?
It depends on your spending. At 35 with RM3,000 a month of expenses today, retiring at 60 and planning to 85, with 2.5% inflation and a 4% return in retirement, you need about RM 1,399,967.30 at 60, or RM 755,129.19 in today's money.
Is RM390,000 in EPF enough to retire?
It is EPF's basic savings benchmark at 55 for essential needs. Spent at RM2,000 a month from 60, rising 2.5% a year and earning 4%, it lasts to about age 78.5. EPF's adequate level is RM650,000 and its enhanced level RM1.3 million.
What are EPF's retirement savings benchmarks?
Under the Retirement Income Adequacy framework: basic savings of RM390,000 (raised from RM240,000 and phased in by 2028), adequate savings of RM650,000 and enhanced savings of RM1.3 million. EPF will review them every three years from 2029.
How long will my retirement savings last?
Until the balance cannot cover a month's spending. In the example, projected savings of RM 859,029.27 run out at about age 74.2; saving an extra RM 919.77 a month makes them last to 85.
What inflation rate should I use?
An assumption. Malaysia's headline inflation has been around 2% recently, but healthcare and other retirement costs often rise faster, so many planners use 2.5% to 3%.
What return should I assume?
EPF declared 6.15% for 2025, but a long-term plan should be cautious: this calculator uses 5% before retirement and 4% after as an example. Lower returns need more savings.
What counts as retirement savings?
EPF (all accounts), PRS, ASB, unit trusts, fixed deposits and other investments you will use for living costs. Leave out your home unless you plan to sell it or rent it out.
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