Retirement-Calculator1a

How Much Do You Need to Save for Retirement?

It’s always good to start saving for your retirement once you begin to earn a monthly salary. Save regularly to grow your retirement savings.

Use this calculator to find out how much you will need to save for your retirement.

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I am years old and planning to retire at age . I need my retirement income until age


My current monthly salary is RM


My last drawn salary is approx. RM and I want approx. RM a month during retirement


My current EPF total savings is RM


Total % EPF contribution per month


My current PRS savings is RM


My monthly contribution to PRS is %


Before retirement, I would like a % annual rate of return for my PRS savings.


Upon retirement, I will continue my savings invested with % of return p.a.


Current inflation rate is % per annum

Your Retirement Funds at Age

You will need
For years
Until years old
You have about
Approx. for years
Until years old

Note:

The above information is for illustration only and is based on your data input including the following assumptions.

  1. * Recommend 2/3 of your last drawn salary to maintain your existing living standards into retirement.
  2. Your annual income increment rate is at 3%.
  3. Inflation rate is at default 3% per annum.
  4. Life time EPF savings average at default 4% dividend rate per annum.
  5. Upon retirement, you will keep your savings invested with 4% default rate of return p.a. and make monthly withdrawal of an amount that you will need.

The Retirement Calculator should be used as a guide and not as a guarantee of meeting your retirement savings goal or intended to provide investment advice. Please consult a PRS Consultant for your retirement plan.