How many EPF contributors have RM240,000 by age 55?

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227,000 EPF contributors have at least RM240,000 in Account 1 by age 55
As of February, there are 227,000 Employees Provident Fund (EPF) contributors who have at least RM240,000 in Account 1 by the age of 55. This total is reported as representing 41 per cent of the 551,000 EPF contributors in the 50 to 54 age group.
The RM240,000 threshold in Account 1 by age 55
The figure covers EPF contributors whose basic savings in Account 1 reach at least RM240,000 by age 55. It is stated in the context of the number of contributors aged over 50 and the adequacy of their savings before turning 55.
The February reference point and related age group totals
The count is given “as of February,” linking the status of savings to that specific month. The 227,000 contributors are also described as part of a wider group of 551,000 contributors aged 50 to 54.
What the percentage refers to
The 227,000 contributors equate to 41 per cent of the 551,000 contributors between ages 50 and 54. This percentage framing is used to show how many contributors in the lead-up years have savings at or above the RM240,000 level by age 55.
Voluntary contributions are also separately reported
In addition to the RM240,000-by-55 figures, a separate total is given for voluntary contributions. Last year, 604,000 EPF members made voluntary contributions, amounting to about RM8.42 billion in total.

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How many EPF contributors have RM240,000 by age 55?

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