Malaysia Retirement Calculator

Retirement Planning Parameters

Current Age:

Retirement Age:

Years to pay out after retirement:

Return before retirement:

7 %

Return after retirement:

6 %

Annual Inflation Rate:

3 %

Current Annual Salary:

RM 150,000

Annual Increase In Salary:

2 %

Percentage of Salary Saved for Retirement:

30 %

Employer Pension Contribution:

5 %

Employee Pension Contribution:

5 %

Retirement Needs

Retirement Income Require as a % of Current Income:

70 %

Current Retirement Saving Balance:

RM 400,000

Age when other retirement income begins:

Annual Increase:

0 %

Initial annual income at retirement:

RM 0

Value of other assets at retirement:

RM 0

Summary Calculation

Years to Invest Before Retirement

My Annual Contribution

RM 45,000

Employer Annual Contribution

RM 375

Total Annual Contribution

RM 45,375

Retirement income required in today's rate

RM 105,000

Inflation adjusted income at retirement

RM 141,111

Total needed to fund 100% at retirement

RM 3,449,432

Value of current savings at retirement

RM 786,861

Value of current contributions at retirement

RM 678,952

Years of retirement Income

Value of other income at retirement

RM 0

Shortfall at retirement

RM 1,983,619

Years Payout Will Last Without Additional Savings

RM 12.13

Additional Annual Savings Needed

RM 132,567

Total % of Salary to Save to Reach Goal

118.38%