EPF Calculator Malaysia 2026 — KWSP Contribution & Retirement

Why an EPF calculator cannot just multiply salary by 24%

For Malaysian citizens and permanent residents earning RM20,000 or less, KWSP tells employers to use the wage ranges in the Third Schedule—not an exact percentage of the salary. The schedule uses RM20 wage bands through RM5,000 and RM100 bands from RM5,000.01 to RM20,000, then rounds each published share to whole ringgit.

That difference is visible in KWSP's own example: at RM3,250, the correct Part A result is RM424 from the employer and RM359 from the employee, or RM783 total. Multiplying RM3,250 directly by 13% and 11% would understate both shares.

Which Third Schedule part applies

A Malaysian citizen below 60 generally uses Part A. At age 60 and above, a Malaysian citizen generally moves to Part E, where the employee share is 0% and the employer share is 4%. Permanent residents and non-Malaysian members registered before 1 August 1998 generally use Part A below 60 and Part C at 60 or older.

A non-Malaysian employee registered from 1 August 1998 uses Part F: 2% from the employer and 2% from the employee. These mandatory rates took effect for October 2025 wages. Contributions generally cease when the member reaches age 75.

How new contributions are allocated below age 55

For members below age 55, new contributions have been allocated 75% to Akaun Persaraan, 15% to Akaun Sejahtera and 10% to Akaun Fleksibel since 11 May 2024. The account figures shown here are an indicative split of the statutory total; KWSP's own ledger remains authoritative.

At age 55, the account structure changes and existing savings are consolidated into Akaun 55 while new contributions go to Akaun Emas. To avoid giving a false account-by-account forecast, the retirement projection models only the combined EPF balance.

The retirement projection is a scenario, not a dividend forecast

KWSP declared a 6.15% dividend for both Simpanan Konvensional and Simpanan Shariah for 2025. That is a historical result, not a promised 2026 or long-term rate. It appears only as an editable starting assumption.

The projection converts the chosen annual assumption to a smooth monthly equivalent, adds each month's contribution, and applies salary growth annually. KWSP actually declares and credits dividends under its own annual process, so the projection is useful for planning but will not reproduce a future i-Akaun statement.

What the 2026 retirement targets mean

KWSP's Retirement Income Adequacy framework sets age-60 reference levels of RM390,000 for Basic Savings, RM650,000 for Adequate Savings and RM1.3 million for Enhanced Savings from 1 January 2026. They are planning references, not guaranteed income and not a rule that every household has the same needs.

A direct comparison is like-for-like only when the selected retirement age is 60. If you choose another age, the calculator keeps the targets visible as age-60 references but clearly marks the comparison as non-equivalent.

What is deliberately outside this calculator

The tool does not determine which allowances, bonuses or payments legally count as wages; model withdrawals; reproduce past dividend histories; forecast future KWSP policy; or account for transfers, special schemes and every member-specific election.

Use gross monthly wages that are subject to EPF and confirm payroll remittances in i-Akaun. The voluntary-savings scenario is disabled for non-Malaysian categories because KWSP says non-Malaysian members are not eligible for self-contribution. Employers remain responsible for applying the official Third Schedule and resolving unusual wage components with KWSP.