EPF says that it would like its members to aim for a basic savings of at least RM35,000 by the age of 30 in order to meet the minimum amount required for sustaining life after retirement. This amount is RM240,000 as per what EPF has announced on many occasions. If a member has RM240,000 then this member would be able to have RM1,000 per month for the next 20 years post-retirement.
EPF News: EPF says when we reach 30 years old, we should already have RM3x,xxx in our EPF account
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