PETALING JAYA: Having at least RM1.3mil in retirement savings might be a challenge for most Malaysians, but experts said the figure isn’t impossible if one remains disciplined in ensuring consistent savings and employment. ALSO READ : Retirement benchmark feels like distant goal for most M’siansStarting this year, the EPF’s Retirement Income Adequacy (RIA) framework will introduce a three-tier savings framework – adequate savings (RM650,000), basic savings (RM390,000) and enhanced savings (RM1.3mil). According to Lau, adequate savings would support monthly withdrawals of RM2,708 in the first year of retirement, potentially rising to RM7,389 by the 20th year of retirement. For the lower tier “basic ­savings”, a person must have RM390,000, which is 60% of the adequate savings amount, in order to cover essential retirement needs. The higher tier “enhanced savings”, which provides a more comfortable retirement, must have more than RM1.3mil, which is two times the adequate savings sum.

Source: The Star January 14, 2026 02:04 UTC