Planning Your Retirement with KWSP (EPF)

The Employees Provident Fund (KWSP/EPF) is the compulsory retirement savings scheme for private-sector employees in Malaysia. It is one of the world's oldest and largest provident funds.

The Power of Compound Interest

The magic of KWSP lies in the consistent monthly contributions from both you (Employee) and your boss (Employer), combined with the annual dividend declared by EPF.

Even a small annual salary increment (e.g., RM200 per year) can drastically change your final retirement sum because your contributions increase as your salary increases.

Basic Savings Target

EPF sets a "Basic Savings" target of RM240,000 by age 55. This translates to roughly RM1,000 per month for 20 years. Using this calculator, you can check if you are on track to meet or exceed this baseline.