How much do Malaysians need to retire comfortably? Here’s a complete guide

KUALA LUMPUR, Dec 17 — A recent Khazanah Research Institute report has highlighted a pressing issue: financial insecurity among Malaysians, with many potentially lacking...

Delight in Malaysian inspired pastries such as ‘apam balik croissant’ and ‘ham chim pain’ at Magnificent Park Bakery in Taman Megah, PJThe Employees’ Provident Fund has developed the Retirement Income Adequacy Framework to guide Malaysians in ensuring a comfortable retirement.

Recognising this alarming trend, the EPF has introduced the Retirement Income Adequacy Framework to help Malaysians plan for a more secure and comfortable retirement.What is the RIA Framework?Adequate savings :The RIA Framework will take effect from January 1, 2026, with phased increases in the basic savings requirement, starting at RM290,000 in 2026 and rising to RM390,000 by 2028.For members exceeding RM1 million in savings, the framework allows flexibility.

The new benchmarks are expected to temporarily lower this percentage but are deemed necessary to address rising living costs and the current retirement age.For instance, RM1 million in 2007 has the same value as RM712,000 today. To maintain equivalent purchasing power, retirees now need RM1.4 million, which translates to RM6,000 per month over 20 years.

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