Find Out How Much You Need To Retire With This Calculator

Last updated 22 September 2026

EPF's Retirement Income Adequacy (RIA) framework sets three savings targets to reach by age 60. Basic Savings is RM390,000, Adequate Savings is RM650,000, and Enhanced Savings is RM1.3 million. From 2008 to 2025, EPF used a single target of RM240,000 by age 55 instead, before RIA replaced it in January 2026.

To see how your own savings compare, use the Retirement Goal Calculator in the KWSP i-Akaun app.

The Three EPF Savings Levels

The three levels come from EPF's Belanjawanku Guide, which estimates living costs for different types of Malaysian households. Basic Savings covers essential needs, Adequate Savings covers a reasonable standard of living and Enhanced Savings covers a higher standard of living, with more of a safety margin.

Adequate Savings and Enhanced Savings are already at their full amounts. Basic Savings is being introduced gradually, rising by RM30,000 a year until it reaches RM390,000 in 2030.

The last column comes from EPF's own projections. For Basic Savings, it uses the full RM390,000. The payout rises over the 20 years because EPF assumes the balance keeps earning dividends while it's being paid out.

How To Use EPF's Retirement Goal Calculator

The Retirement Goal Calculator is available through the KWSP i-Akaun app on Google Play and the Apple App Store.

What You Need To Enter

• Monthly salary
• Average yearly salary increase
• i-Simpan monthly contribution, if you make one
• Expected EPF dividend rate
• Planned retirement age

The calculator then estimates your EPF savings at retirement, your retirement expenses, and your balance for each year after retirement. Compare your projected savings with the Basic, Adequate or Enhanced Savings level above to see how close you are.

Take someone aged 27, earning RM4,000 a month with about RM39,000 saved, who plans to retire at 60. Enter a 5.88% dividend rate and a 3% yearly salary increase, and the calculator projects EPF savings of about RM1.86 million by 60. That clears RM1.3 million, the Enhanced Savings level.

The RM1.86 million is in future ringgit, while the RM1.3 million target is set at today's prices. EPF reviews the levels every five years too, so expect them to rise before you get there.

The calculator has one field, labelled for i-Simpan. Since i-Saraan works the same way, with no employer contribution, you can also enter a planned i-Saraan amount here. If you're self-employed, leave monthly salary at zero and enter your planned i-Saraan contribution in the i-Simpan field instead. Entering your income as a monthly salary will make the calculator assume an employer contribution you won't get, which pushes your projected savings too high.

Don't enter a one-off contribution as a monthly amount. The calculator will treat it as if you plan to contribute that amount every month until retirement. After a one-off contribution, check your EPF statement to see how it affected your balance.

How The Calculator Works Out Your Contributions

The calculator applies the standard contribution rates automatically, so you don't need to enter them yourself.

If you're an employee below 60, the employee contribution rate is 11% of your salary. Your employer contributes 13% if you earn RM5,000 or less, or 12% if you earn more.

Your contributions are then split across three accounts. 75% goes into Akaun Persaraan, 15% into Akaun Sejahtera, and 10% into Akaun Fleksibel. See our guide to EPF accounts for how each one works.

What Dividend Rate Should You Enter?

EPF declared a 6.15% dividend for 2025 on 28 February 2026, for both Simpanan Konvensional and Simpanan Shariah. The next declaration is due around February 2027. Both options paid 6.30% in 2024. From 2021 to 2025, Simpanan Konvensional rates averaged 5.88%, and Simpanan Shariah averaged 5.65%. EPF doesn't publish this average. It's our own simple average of the yearly declared rates. See the full dividend history for each year's rate.

Simpanan Konvensional has a minimum dividend rate of 2.5% a year under Section 27 of the EPF Act 1991. Simpanan Shariah has no minimum guarantee, and its dividend depends on how its Shariah-compliant investments perform. You can check which savings option you're in through the i-Akaun app.

Future dividend rates aren't guaranteed. Use the five-year average for your savings option, 5.88% for Simpanan Konvensional or 5.65% for Simpanan Shariah, rather than assuming a high year like 2025 repeats.

How EPF Worked Out The Savings Targets

The three retirement savings targets are based on how much different households need to spend to maintain a reasonable standard of living. For a single elderly person in the Klang Valley, that comes to RM2,690 a month, or RM645,600 over 20 years, which EPF rounds to RM650,000 for the Adequate Savings target.

This is also why Adequate Savings starts at RM2,708 a month, a bit more than the RM2,690 it covers. EPF rounds the total up to the next RM10,000 before dividing it over 240 months.

Basic Savings is set at 60% of the Adequate Savings target, and Enhanced Savings at twice the Adequate Savings target.

The 20-year period comes from Malaysian life expectancy data. The Department of Statistics Malaysia's 2025 data shows a 60-year-old man can expect to live another 18.8 years, and a 60-year-old woman another 21.6 years.

EPF developed Belanjawanku with the Social Wellbeing Research Centre at Universiti Malaya. The guide covers Klang Valley and 11 other cities, and costs vary by household too. An elderly couple in the Klang Valley needs RM3,390 a month, more than the RM2,690 for a single person. A single elderly person in Alor Setar needs RM2,160 a month, the lowest amount in the guide, about RM530 less than in the Klang Valley.

What To Do If Your Projected Savings Fall Short

If your projected savings fall short, three things can help. You can pay down high-interest debt, make extra EPF contributions, or save outside EPF.

Credit card debt costs 15% to 18% a year, more than double the 5.88% average EPF dividend, so clear it before you top up EPF. If a card or other debt feels unmanageable, AKPK offers free debt management advice.

i-Simpan lets you make extra contributions directly through the i-Akaun app. For example, RM100 a month into i-Simpan, at a 5.88% dividend rate credited yearly, grows to about RM93,000 over 30 years. i-Topup, arranged through your employer rather than the app, lets you contribute above the statutory rate.

If you're self-employed or don't have a fixed income, i-Saraan lets you contribute and earn a government incentive of 20% of what you put in, up to RM500 a year, capped at RM5,000 over your lifetime. You can also save outside EPF through a Private Retirement Scheme (PRS), Amanah Saham Bumiputera (ASB) if you're eligible, fixed deposits, or unit trusts.

Once you've made these changes, run the calculator again to see how much closer you are to your target.

Frequently Asked Questions

What if I currently have no EPF savings?

If you're employed, your employer will register you as an EPF member and start contributing automatically. i-Saraan is open to self-employed people or those without a fixed income who are already EPF members. If you're not yet a member, you'll need to register with EPF first before you can use it.

Do these RIA targets already account for inflation?

No, not on their own. The RIA levels are set using today's prices. But a calculator projection is in future ringgit, so a straight comparison flatters younger members more than older ones. EPF plans to review the levels every five years, using updated data from the Belanjawanku Guide.

What happens if I don't reach my target by age 60?

There's no penalty if you fall short of your target by age 60. Any savings left in your EPF account can keep earning dividends. If you're eligible, you can also continue making voluntary contributions through i-Simpan. However, i-Saraan is only available to members below age 60.