KWSP / EPF Calculator
Estimate your retirement savings
Average EPF dividend over the previous 5 years: ~5.5%
Total Savings at Retirement
—
EPF target: minimum savings of RM240,000 at age 55
EPF Contribution Formula & Explanation
The Employees Provident Fund (EPF / KWSP) is a mandatory retirement savings scheme in Malaysia. Monthly contributions are calculated as a percentage of your gross salary:
Standard contribution rates are usually 11% for employees and 13% for employers (for salaries of RM5,000 or below). Your savings are allocated to designated accounts that earn annual dividends to help grow your retirement fund.
Calculation Example
If your monthly salary is RM5,000:
- Employee Contribution (11%): RM5,000 × 0.11 = RM550
- Employer Contribution (13%): RM5,000 × 0.13 = RM650
- Total Monthly Contributions: RM1,200
- In one year, you will save RM14,400 (excluding dividends).
Frequently Asked Questions
What is the annual EPF dividend?
EPF dividend rates vary each year according to investment performance. The average dividend over the previous 5 years is approximately 5.5% to 6%.
What are the minimum savings at age 55?
The EPF basic savings target used here is RM240,000 at age 55 to support your retirement expenses.
Can I withdraw my EPF contributions?
Withdrawals are limited to specific purposes such as buying a home, education, or medical expenses, subject to EPF requirements.