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The government expects about 60% of Employees Provident Fund (EPF) members to hit a basic savings target of RM390,000 by age 60 by 2030
But as of the end of 2025, only 41.2% of active members have actually met their basic savings levels. That leaves about 4.42 million Malaysians who still have some catching up to do.
The big question is: Where do you stand?
Here's how to check your progress and what to do if your "nest egg" is looking a little small.
1. The Retirement Income Adequacy (RIA) checklist
EPF is phasing in new benchmarks to help Malaysians gauge if they are saving enough. Instead of aiming for one giant number at the end, look at these upcoming milestones for your 'Basic Savings' target by age 60:
- By 2026: You should aim for a threshold of RM290,000.
- By 2027: The target moves up to RM340,000.
- By 2028: The goal is RM390,000.
Log in to your EPF i-Akaun today. If your projected savings aren't hitting these markers, don't panic; it's a guide to help you plan, not a penalty.
2. Why the "Lump Sum" trap is dangerous
It's tempting to think of your EPF as a "bonus" check when you retire. However, Finance Minister II Datuk Seri Amir Hamzah Azizan is urging members not to withdraw everything at once.
Why?
Because a lump sum can disappear faster than you think. Instead, the EPF is encouraging monthly withdrawal options. Think of it like a monthly "salary" that keeps your lifestyle stable throughout your golden years.
3. How to "boost" your balance right now
If you're part of the 58.8% not yet hitting the mark, here are the tools the minister highlighted to help you catch up:
- Flexible Accounts: Use the restructured accounts to manage your immediate needs without completely draining your retirement pot.
- Voluntary Contributions: You don't have to stick to the minimum! You can add more through i-Simpan or i-Topup.
- Self-Employed? Use i-Saraan: If you're a freelancer or gig worker, make sure you're getting those government incentives.
The bottom line?
With annual contributions hitting RM120 billion in 2025, a 12% jump from the year before, EPF is growing. The goal is to make sure your personal slice of that pie is enough to keep you comfortable.
