Subscribe to our FREE Newsletter , or Telegram and WhatsApp channels for the latest stories and updates. While HSBC’s latest survey tells us wealthy Malaysians need RM4 million for a “comfortable” retirement, many of us are left wondering: What about the rest of us? Let that sink in. RM4 million.
For most Malaysians earning average salaries, that’s not just a mountain to climb—it’s Mount Everest. While the wealthy worry about maintaining their lifestyle post-retirement, many of us simply try to make it through the month with enough left for basic savings. The stark reality? If the wealthy need RM4 million to retire comfortably, what chance do regular wage earners have? Those of us making RM3,000-5,000 monthly, juggling house payments, children’s education, and rising living costs? Selamat Pagi warga kota yg bekerja keras meneruskan kelangsungan hidup Bukan untuk membeli bantal Hermes harga RM 5700 seperti Vivy Yusof pic.
twitter.com/8t4p1cjU8P According to HSBC’s “Quality of Life 2024” report , Malaysians need slightly less retirement funds than those in Hong Kong and Singapore but more than those in India and Indonesia. About 73% of wealthy Malaysians indicated they are actively planning towards their retirement goals.
Linda Yip, Head of Wealth and Personal Banking at HSBC Malaysia, stated: “Savings alone may be insufficient, and this is where financial planning and making the right investments and protection decisions is imperative.” The group’s rep.
