i have this thought where say my kwsp at 60 still have quite a large sum of money, and i'm wondering if i can just withdraw saw a small amount (enough for my yearly expenses + emergency) then keep the rest in EPF and repeat that process yearly. Treating it like a bank (but less convenient as I suppose I have to go to EPF office and get it processed to transfer to my bank account which takes some time, etc). Idea is to keep it in EPF since the dividend is much higher than FD and even minimum is 2.5% so even covid stage its about same or better than bank FD (a bit).

Anyone know if that's possible or make sense to do or is there flaw in logic somewhere?

yeah i calculated i should have enough to the point as long as i maintain my current lifestyle, my money in fact is growing more but there will be a tipping point until i'm extremely old (maybe say 90-100 years old if i live that long). I calculated till 80 years old and the money still growing fine

Good to know that can withdraw online after 1st physical withdrawal - will try to google around for that. Thanks!

Yup aware of that and one that I'm considering too. Thanks for the info