To be honest .... 1M for most Malaysians is quite unachievable. See the EPF stats, to have 1M that's 0.05% of active contributors.

to have 1mil... you only need save 700 monthly for 40years.

If you diligently save this amount from age 25 all the way to 65.

You should hit this figure if EPF consistently pays you modest 5% yearly.

bigger question is how much can the majority afford to save while having a decent lifestyle in the present

The math looks easy, but in actual it's not as it is.
I am not referring to myself but saying generally only 0.05% of the contributors have achieved 1m.

Previously, low starting salary base line for many years, .....not many can hv 1 mil when reached age 55.

Now with much higher starting pay base line and with the minimum pay amount set by the Govt., ...
In the next 20-30 years, ..... a very high % of contributors would hv accumulated that 1 mil target by age 55.

A month income of 3k would hv 720 contributed monthly via 11% + 13%

Becoz saving is not the problem... is the mindset and mentality of putting money for old age..

most dont practice delayed gratification even when they can afford to...
but most follow the typical rat race in fear of being left out...

graduated,
find work,
buy car,
travel splurge ( got income liao can travel ),
find gf,
buy house,
change car,
married,
travel splurge ( married liao can honeymoon),
have kids,
work harder,
put kids in college,
change car,
travel splurge (kids go to college liao, free to travel),
retire,
travel splurge (retire liao got time to travel)...

I think its 0.5%, not 0.05%.

It's easy "now" because the fresh grad earning starting at 4-5K. It was not so easy even as degree holder because most will only start at ~2K. And during my parents time is even lower. 700 meaning the salary needs to be around 3K.

This post has been edited by jasontoh: Dec 3 2025, 09:10 AM

the main issue is

who should worry about the RM100k EPF yearly increase?

if you have RM1 million at 30 or

if you have that only at 50

Everyone already have future plans when it comes to additional voluntary contributions.

When EPF increased the voluntary contributions from 60k to 100k to replenish the COVID withdrawal, those contributed maximum would never thought the goalposts will be moved and changed.

The main point is not the RM 300k extra for the next 3 years. The main point is the lost of confidence.

Do you get the main point?

The movement of goalposts should have been applied to new account only

Once trust and confidence shaken, there will be hesitation to Max out the RM100k voluntary contributions anymore.

They will just move to ASM for liquidity purpose, fearing that goalposts in EPF will be adjusted every 3 years with new slogan and acronym

This post has been edited by boyboycute: Dec 3 2025, 10:13 AM

why lost of confidence??

for those able to voluntarily contribute RM 100k per year, most likely they dont mind the RM 1.3 mil withdrawal threshold.

for those who dont contribute voluntarily, RM 1mil or RM 1.3mil doesnt matter for them as they will only able to access it on 50/55 years old (those that unable to hit RM 1mil before retirement).

For those high salary earners that can hit RM 1 mil before 50 years old, i believe they dont care about the RM 1.3 mil too as their contribution to EPF + dividend will soon breached RM 1.3mil.

and again lost of confidence narrative? aren't we listen to this since my grandfather era?

The true fact is - many don't get your point. I do.

For now we talk about 1.3m. 3 years later a change might raise the ceiling to another limit.

Then, talks of KWSP managing / merging with pension. KWSP is individul's $, pension is the funding allocation from Gov. How would this possibly work.

Then, inability to touch the EPF until certain age.

Me too, lost confidence.

The lost of confidence is for those who is earning high enough to contribute 100K annually, but they do contribute a big chunk of savings into the EPF, at least a few of my friends are. And the goalpost shifting will give the narrative that EPF don't have enough fund, thus trying to lock everyone. And the forced foreign workers contribution amplify this narrative - this is even coming from some business owners. You can call them whatever fearmongering grandfather story etc, but doesn't change the fact that EPF is shifting the goalpost, thus now they can comment, "see I told you so!"

Yes,
where got lost confidence?
i see more and more people go for its high dividend!
more voluntary contributions received by EPF

bottom line is some just refuse to accept fact
EPF money is for your retirement only

people who wants to dip hands into EPF before retirement
want to take epf money out early for their own fancy

can always find the the excuses
lost confidence in EPF is the best answer

let them be lah

we max our 200k every year
not going to touch epf before retirement

why worry?
your EPF money can disappear?

no work also can get 1.0M in EPF as 14 yo start deposit 100k per year by the age 24 you already have at least 1.3M
so start your kids early
year year put in 100k to them
just pray hard they dont turn into char siew

Why so headache one...

If loss confidence... Then don't voluntary contribution at all... No one forcing you....

If got mandatory one.. cannot escape... But Since got account 3... Withdraw all of it... If can, withdraw account 2 too....

Find other place you feel is safer & acceptable returns... And can access easily....

Simple as that... 🙏

Quite a number of contributors dont even touch epf after retirement ( wonder whether money still there ). On the contrary still pumps in via voluntary contribution yearly. Its fascinating watching the funds grow without risk.

On another note. Nominations for myself and wife is 100% to each other.


This post has been edited by magika: Dec 3 2025, 11:33 AM

Me thinks you need to change your friends.

Good principle in life is to surround yourself with optimistic people.



This post has been edited by magika: Dec 3 2025, 11:29 AM

for Foreign worker contribution, its just biased statement from business owner as it increased their costing.

Well if we only look at the recent policy that you mentioned ( foreign worker mandatory & increase ceiling from RM 1mil to RM 1.3mil), from surface, yes, it seems that EPF want to lock in more money... But think deep into it, especially those RM 1.3mil withdrawal ceiling, how many ppl really have above RM 1mil? based on Dec 2024 data, only approx 100k ppl have over RM1 mil from 8 mil active contributor, its just 1.25% only. And if deep deeper, those above RM 1.3mil confirm more then those at RM 1mil - Rm 1.3mil range, so the people that affected by this are really negligible, and also with few years of contribution + dividend, they'll breach RM 1.3mil already...but of course the extra RM 300k still locked in..

Like many friends here mentioned, EPF is your retirement funds, you're not supposed to able to access before retirement age.. So if you dump in voluntarily, it should be considered part of your retirement funds to be access when you're retired, not simply simply withdraw for own use before retirement......

As we always said, if 1 day EPF collapse and contributor unable to withdraw their funds, then whole malaysia is doomed already.your myr as good as banana currency, nothing matters anymore.

So far i never lost of confidence to EPF.

Am i not happy with the increment from 1mil to 1.1, 1.2, and 1.3? Yes, not happy.

But it won't affect me much because i don't plan to take out the money for a very long time.

Was growing up in a restaurant environment and listening to all the "EPF is bankrupt ALREADY" rumours since 30+ years ago, i am kinda confidence on EPF. For me, the current worries by many, have no difference from 30+ years ago.

I will only lose confidence to EPF if i forsee Malaysia is going into bankruptcy or into a very messy political situation.

If you are worried about EPF "no money", then your only choice probably is to exchange your currency to USD/SGD/ETC, because if you take out your EPF and still keep it as Ringgit, if EPF really having issue, your Ringgit will most likely become rubbish too.