Rule of thumb is to save/invest extra 10% salary into Private Retirement Scheme (on top of 23% in EPF) in order to have a 2/3 of income replacement for your comfortable retirement lifestyle
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How much do you need to save enough for your retirement?
Dato Steve Ong says, "You will need to save 1/3 (or 33%) of your monthly income to replace 2/3 (67%) of
your income for your retirement. The good news is that you are already
saving 23% with EPF - You just need to save an additional 10% in PRS!