wait till Jan / Feb next year baru worry about the %, now cant do much

Government set the percentage

Split between retirement & annuity

Many many years ago, before they had this Emas account things, ...I remembered there are also many people ho har, making kopitiam noises, started to take out money from epf (if possible) in preparations, after getting winds of epf is planning to move the withdrawal age to 60 from 55.

It ended with,  ......

That is why the goal post shifting is dangerous. I never thought happen in my lifetime, not to mention just within the year goalpost shifting story props up. I think just withdraw the rest first. As long as uncertainty props up it shows how dire EPF/Government want to lock the money with the excuse scams etc.

AND this is the thing: WHY IS THE GOVERNMENT INTERFERING WITH EPF POLICIES?

This is a big wake up call for EPF savers who treat it as a risk free investment

EPF saving is not risk free. Regulatory risk is very very real.

really? so now you are ok to put all of your wealth into EPF? 
since you said so confidently that "you will get back all your money"

But same time... With freedom given... Some just lose their hard earned EPF $$$ to some scam investment offers...

But its not just retirees and their funds from EPF... many across the board, age and professions also kena....

hence why gov should fortify at banking level... not EPF.

It is just selective observation (purposely gov/epf) in order to activate our own confirmation biasness... plus lotsa sensationalization... cos why not....
telling news of how a 25 years old adult kena scammed 30K rm from MLM is not as "SHOCKING" as a "old" 52 years old woman who lost say 1.3 million due to love struck scam...

right?

Is this new?
Monthly withdrawal.

https://www.kwsp.gov.my/en/member/life-stag...5-60-withdrawal

2.5 million is our goal if we want to retire comfortable now
i use to focus on 1.5M but after knowing that medical cost is so expensive i think 2.5M is needed
even with insurance it wont help especially when you old you need to take supplement, you need physiotherapy, you need domestic helper

i start to plan all this as now i am at 52 this year and why 1.25M per person as i need to cover for my wife so i need to have 2.5M for 2

future cost in 10 years - hopefully this number maintains!
domestic helper - RM3.5k per month
physiotherapy for 2 - RM1k per month
insurance for 2 - RM1.2k per month
tnb - RM500 per month
water bill - RM50 per month
supplement for 2 - RM500 (milk powder, omega, vitamins, ect)
medicine for 2 - RM500 (depend on your sickness - just assume u have heart problem, cholesterol problem, diabetic problem, high bp)
phone bill for 2 - RM100
unifi - RM150
other misc - RM1000 (clinic visit, travel cost)
makan for 3 - RM3000 (me, my wife, domestic helper)
Total 11.5k

Estimate i think on the safe side just make sure put 15k per month for expenses

2.5M x 5.5% = RM137,500 per year dividend
137500 / 12 = RM11458 per month so need to take out additional 3.5k per month to top it up until RM15k per month
chatgpt projected as long as i have 2.5M and i consistently withdraw RM15k per month and with dividend of 5.5% after 20 years i should still have 900k left...

if you think the above number is not realistic i really welcome you to comment so i can adjust and plan accordingly
i have 8 more years till retirement but if i continue to work for the next 8 years and do not withdraw any money from EPF and continue to slowly pump like RM10k per year i might hit it base on my calculation

while this maybe out of topic, as a parent with kids i found it hard to save money for their tertiary education.  So question is, is it norm to depend on my own EPF for their teriary fund, which can be easily 200k+ per pax.

EPF = retirement funds or investment tools . depends how you look at it. (for me, I dunno what will happen tomorrow. dunno got chance to enjoy the epf or not)

if you put it as a fund for your kids as tertiary education, it's an investment too.
if you spend Rm 200k + and after they graduate, they work in Singapore for SGD 3.5k basic pay, (Around RM 10k)  , the money you spend break even after 2+ years after they work.

Now, you should understand how the rich get richer and the poor get tax to death

I remember reading an article about the payout ratio.

Actually EPF are supposed to utilise all the payout as dividend, because every moment there’ll be contributor withdraw their saving from EPF. If the payout retained in EPF, which means that the contributor received lesser dividend then it supposed to get…

Example the ACTUAL earning of EPF was translate to 6%, your RM 1mil should get RM 60k, but that year EPF announce 5% at maybe 90% payout rate, hence your dividend is RM 50k only. Then you withdraw all RM 1.05mil out, hence your 1% which supposed to payout to you was retained and given to the other contributor.

But I remember reading also the actual payout was not 100% also due to the accounting related recognition, as there’ll  be unrealised gain record in the particular years, and this amount cannot be distributed as dividend because it’ unrealised.

If you know how many months of bonuses they get every year, .....

After Unker learnt about it, Unker no longer contribute voluntarily

Above are just my understanding not an official kwsp reply

stupid question
let just say now u have 5M in EPF will u stop working or u will still give excuse like i still working to keep me occupied as i have too much free time or my work is my hobby?

my answer - i will quite for sure... but if i ever hit 5M maybe my answer will be different nobody knows

only answer this question if you are a worker and not a boss / business owner as my question is targeting to workers (actual epf contributors)