Are you happy with the amount of your savings in your bank? Looking at your age, how much of savings do you think you should have?
Lately a Facebook page shared a post regarding savings you that should have according to your age. The post was widely discussed by netizen. Are you on track?
The post read, the amount of savings that Malaysian should have after 18-year-old, up to 55-year-old. The basic amount on retirement is RM228,000!
The table shown the amount of savings increase gradually each year, in order the reach the target amount. From RM1,000 to 6 figures amount at the age of 55~
Basic amount of savings that Malaysian should have ( Age : 18-25):
18-year-old – RM1,000
19-year-old – RM3,000
20-year-old – RM5,000
21-year-old – RM6,000
22-year-old – RM8,000
23-year-old – RM10,000
24-year-old – RM12,000
25-year-old – RM14,000
Basic amount of savings that Malaysian should have（Age : 26-35）：
26-year-old – RM17,000
27-year-old – RM20,000
28-year-old – RM23,000
29-year-old – RM26,000
30-year-old – RM29,000
31-year-old– RM33,000
32-year-old – RM37,000
33-year-old – RM41,000
34-year-old – RM45,000
35-year-old– RM50,000
Basic amount of savings that Malaysian should have（Age : 36-45）：
36-year-old – RM55,000
37-year-old – RM60,000
38-year-old – RM66,000
39-year-old – RM72,000
40-year-old – RM78,000
41-year-old – RM85,000
42-year-old – RM92,000
43-year-old– RM100,000
44-year-old – RM108,000
45-year-old – RM116,000
Basic amount of savings that Malaysian should have（Age : 46-55）：
46-year-old – RM125,000
47-year-old – RM134,000
48-year-old – RM144,000
49-year-old– RM154,000
50-year-old – RM165,000
51-year-old – RM176,000
52-year-old – RM188,000
53-year-old – RM201,000
54-year-old – RM214,000
55-year-old – RM228,000
▼ Some are still far behind the target, ” Me 27-year-old but Savings at 19-year-old”, ” I’m 25, savings at 20-year-old and debts at 50-year old”
▼ “Mine with 2 zero lesser”
▼ Some said no wonder they are always 18-year-old. Haha~ with only RM1,000 savings.
▼ One said he is underage, as he only have single digit savings account.
▼ Some said EPF shouldn’t included in the savings stated above.
▼ “Normal employee couldn’t save this amount i think.”
▼ One said he gave up and spend all the money he have.
▼ Some even attached edited picture with Million dollar savings !! Hahah ~
▼ One was poking fun: You will have those million dollar amount after you died. ( Your family will burn it for you)
▼ One did a calculation, that the amount need to save per month
- 18 and above – RM 170 monthly
- 25 and above- RM250 monthly
- 30 and above- RM340 monthly
- 34 and above- RM420 monthly
- 37 and above- RM500 monthly
- 40 and above- RM590 monthly
- 42 and above- RM670 monthly
▼ But for some netizens, this amount of savings is far to little!
▼ ” Not even enough to buy a house”
▼ ” With this much of savings how to retire?”
▼ If falling sick or meet some accident, all the savings will be gone.
▼ Some netizens are on track or even have more savings than the said amount.
We know to make a living isn’t easy and saving is probably even harder but still it’s better for everyone to save some money for a rainy day!
Info via：DNINE JOHOR / Facebook
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