Anwar says... withdraw apa LJ??? 51% under 55 don't even have more than RM10k liao...

retire and survive.. i think most msia still can la..

retire with dignity.. now that is a dream for many..

while some T1 work until they die because they dunno how else to live.. lol

Oh, BTW, Roti Canai I remember used to be 30 cents. Now oledi RM1.50.
So inflation is real.
Government is printing money all the time.
So save money only sure kena inflation loss kaw kaw.
Need money market.
This is where the rich gets richer and poor gets poorer.

Do your maths properly. And need safety margin. Kena another few 1MDB, drop to B40 easily.

what is retire with dignity?

After retire... how often do you use car??? You have to go here and there everyday??? The purpose is only to get you to nearby grocery and restaurant...

Electricity and water bill how much?? RM200+ should be able to cover right???

Medical bill... go public hospital??

Breakdown every month ke??? don't know DIY???
I didn't say RM600k is going to be super luxury for you to retire but you can at least ensure you have decent meal with enough money for household goods and some entertainment...
I shit you not... my ex-colleague with his wife mia average expenditure after retire is just RM1.5k.... before retire was a Head position in MNC financial firm....
His life was simple... breakfast just milo or nestum with biscuit..... Mixed rice for lunch RM7+ while wife makan roti or sometime noodles... varies from RM3 to RM8.... night cook simple meal... vege/egg/meat.... cost also likely less than RM20....

Daily do gardening... clean house... go meet up at the park with neighbours....

No more than RM30k per year for husband and wife... including other cost such as insurance etc...
Seriously... when you are old... you aren't going to spend like you are in your 30's.... but if you still want to eat good... dress good... have the best entertainment... obviously you would say RM600k is not enough for retirement but reality is... a lot and I'm not saying this based on gut feeling but literally EPF stats..... living with much less than RM600k and they also ok jer....

to retire with enough cash to maintain your current lifestyle (of course some changes due to age is expected) and have some leftovers for the kids...

for example, my parents late 70s now..
- no more loans
- still got medical insurance coverage until age 100 (of course co-pay) with annual premium of 12k
- still have their annual oversea trips and hobbies
- still can splurge on meals and shopping as before without counting the pennies..
- still can change car when it is time

Sudahlah bro i tired d reading ketard economist wannabes give lecture as if they have oracle power to see the future not to mention delusional. Everyday open tered myr down economy down semua down as if straight poor kenot live anymore. Let them be.

seems like T20 or higher kind of retirement.

I guess majority will not have retirement with dignity 

U forgot anak itu rezeki? Anak tanggung lah. One anak give 500. 5 anak = rm2500 per month. Enough to makan rite? Your epf can generate rm2.5k or not?

600k with 5.5% div, can get you RM4000 per month for 20yrs.

You can do this entirely in EPF.

T20?? That is T5 lifestyle...
T20 KL household starts at RM15k... per person RM7k salary GROSS....
Even with that salary while working.. I don't think you can do

- still have their annual oversea trips and hobbies
- still can splurge on meals and shopping as before without counting the pennies..
- still can change car when it is time

Unless your oversea trips limited to Asia.... + low cost hobbies...

Splurge meals only weekends and shopping once a month for high street brand not luxury brand...

change car after 9 years.....

all that with most likely ZERO savings cause still got housing loan... kids... and other expenditure....
Zero savings how to continue such lifestyle in the future where you only could afford like 21% of your existing salary maxx.....

This. All the figures are talking about the figure depositors have NOW, meaning it's 40k post-compounding interest (for the ones soon to retire anyway).
The younger ones who joined the 40k withdrawals for stupid reasons may be dumb, but atleast they still have time to build it all back up.

From the calculator:
https://www.ppa.my/retirement-calculator/


Assuming 25 years old, income starting at RM1.5k, increment matching inflation at 3%. Your EPF would be atleast 480k by the time you retire.

Not saying the withdrawals didn't do anything to worsen the situation, but it's just a small part of the equation.

how do you get 48k a year for 5.5% of 600k?

Your Retirement Funds at Age 55
You will need
Based on your choice*:
RM 2,148,075
For 25 years
Until 80 years old
You have about
RM 2,050,104
Approx. for 25 years
Until 79 years old

      deficit

btw..it din take into consideration that the amount you have is generating passive income?
then not accurate lo