How many EPF members aged 18-60 reached the RM390,000 savings goal by May 2026?

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Over 3 Million EPF Members Met Basic Retirement Savings Target by May 2026

As of May 31, 2026, a total of 3.04 million formal active Malaysian Employees Provident Fund (EPF) members aged between 18 and 60 had achieved the Basic Savings target. This figure represents 38.3% of the 7.94 million members within this age bracket.
Increase in Savings Achievement

The number of EPF members meeting the Basic Savings target has shown a notable increase. In the preceding year, as of May 31, 2025, 2.71 million members, constituting 35.0% of the 7.74 million active members in the same age category, had reached this financial milestone.
Definition of Basic Savings Target

The Basic Savings target is defined by policymakers as RM390,000, which is the amount estimated to be sufficient for a "basic" retirement lifestyle by age 60. Savings adequacy for contributors is assessed based on whether they have met this target for their respective age groups.
EPF Measures Contributing to Growth

The Employees Provident Fund (EPF) has implemented various measures over recent years that have contributed to the rise in members achieving the Basic Savings target. These initiatives include expanding the available channels for voluntary savings top-ups, which have directly assisted members in increasing their overall retirement savings.

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How many EPF members aged 18-60 reached the RM390,000 savings goal by May 2026?

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