EPF retirement calculator

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A chatter call SKY in mama chat box ask me about EPF retirement calculator. Below is his data:

| EPF Calculator|

MALAYSIA RETIREMENT PLANNING

ESTIMATES YOUR EPF FUND
Many people rely on their EPF Saving. Is it enough?

Can I retire at age 55 ? (Based on new 4.5% dividend ~ 22nd March 2009)
Your details	Current Age?		Male Female	Retirement Age?
	CURRENT value	Age 31	INFLATION % Annual salary will be adjusted accordingly	FUTURE value	Retirement Age 55 (24years )	TOTAL
		Yearly			Yearly
Monthly Gross Salary		150000	4	32041	384492
Employee contribution	%	16500	4	11 %	42294
Employer contribution	%	18000	4	12 %	46139
EPF Dividend (2008)	%		4	5 %
Statement Balance (as at 31-Dec-2008)		34500 contribution per year	4		88433 contribution per year	2977014 Estimated
Copyright © 2008 www.einsuran.com		Terms of Use

Disclaimer : The above computation is for illustration purpose only. Your needs may be different from the above.
We are not liable for any misinterpretations and kindly contact your personal financial planner before making
any financial decision. Thank you.

Average retirement age for Malaysian=55



Your estimated EPF fund is 2977014 upon reaching age 55.
You only have 24 years to save. Based on EPF dividend of 5% per annum



ASSUMPTIONS : 1) ANNUAL SALARY WILL BE ADJUSTED ACCORDING TO INFLATION RATE                                   
2) YOU ARE EMPLOYED FROM NOW UNTIL RETIREMENT                                      
3) THERE IS NO MAJOR CHANGES IN SALARY BESIDES INFLATION ADJUSTMENT

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