No need to reveal, just keep quiet & humble will do. Just make sure you have food in table until end of your life & got place for your lifeless body.

#YOLO, cant bring money to afterlife.

Money may not be brought afterlife.
But with recent MCO or economy recession, it highlights the importance of saving.

Whatever YOLO means nothing if next day cannot put food on table.

I agree. RM1mil is nothing. I mean it's not easy to touch 1mil by late 30s but it's very possible to reach it at retirement age. Even for people in M40. Not trying to boast but my salary is quite okay compared to the median salary, yet i will only touch 1mil when i'm 34 years old. But i'm not gonna screenshot my epf and post it on the internet though hahahah

If my maths is correct, if you earn 5k from age 25, you might touch 1mil at 60. But then again the epf dividend calculation is not that straight forward right?

Excessive savings means nothing if you have enough to live by, esp MCO stay home and your freedom is limited.

7% pa increment depend on individual capability.

But I don't think we will be seeing EPF returns of 6% coming in the future for a while.

really? how much do you have then?

If you are in the right profession you can easily hit a million in EPF.

For instance as an airline pilot, a ship captain, chief engineer, offshore platform specialist, a consultant doctor, lawyer, the list goes on.

If u are just a regular joe with a run of the mill 9-to-5 job, then its gonna be a wee bit harder. Good luck nevertheless..

Oh boy... we've been proven wrong time and time again. I don't wanna bet against EPF fund managers and traders already.risk

The thing I dislike about EPF is MYR currency risk.

Not everyone wants to work as a seaman.

Like I said, Rm1mil is nothing nowadays.

it means a lot to everyone, even the rich finds it big deal.

Of course. I am pointing that out because there are many millionaires in KWSP.
A million RM is not worth much nowadays due to its depreciating value.

And the rich will probably not need to contribute.

anyone participate in principal jomdapat promo?

Statistics show less than 18% contributors have min. savings target of $228k.

Where did you get the assumption there are many millionaires in EPF?


https://www.thestar.com.my/business/busines...fford-to-retire

39,610 out of 7,360,248

https://www.kwsp.gov.my/documents/20126/974...t=1564377639583

Thought there would be more than that.
Was quite easy for me to pass Rm1mil

Maybe i am the odd one out.

Indeed you are the odd one, among 0.005% out of the total 7.36 million contributors.

Thanks for the source, though.

Its 0.538% BTW

True or not what you said?
you guys have it so easy
with many millions in EPF?

consider the average earners
even those earning RM5-10k a month
when they go check their EPF....

There is a reason why its called AVERAGE