Project your KWSP savings at retirement based on salary, contributions & dividends
The Employees Provident Fund (EPF), or Kumpulan Wang Simpanan Pekerja (KWSP), is Malaysia's mandatory retirement savings scheme. Both employees and employers contribute a percentage of the employee's monthly salary.
For Malaysian members below age 60, the standard employee share is 11%. The standard employer share is 13% for monthly wages of RM5,000 and below, and 12% for wages above RM5,000. Actual payroll contributions follow KWSP's Third Schedule wage table rather than simple percentage multiplication.
EPF declares annual dividends on members' savings. The conventional dividend rate has averaged approximately 5.5% over the past decade. Simpanan Shariah averages around 5.0%.
Members can make full withdrawals at age 55. Partial withdrawals from Account 2 are available for housing, education, and medical purposes before retirement age.
KWSP savings benchmarks are periodically revised. Treat this projection as a planning scenario and compare it with the latest Retirement Income Adequacy guidance published by KWSP.
At RM5,000 monthly wages, the simplified 11% employee + 13% employer model adds about RM1,200 monthly, or RM14,400 yearly, before dividends. Payroll figures may differ because KWSP uses a wage table.
Educational estimate only. Known limitations: It assumes steady annual salary growth and a constant dividend rate; it excludes contribution-table rounding, withdrawals, age-based rate changes, and future policy changes.