How can one calculate their EPF retirement savings?

The calculation of EPF (Employees' Provident Fund) retirement savings is best represented by totaling contributions and accumulated interest over the entire employment period. This approach considers not only the individual’s contributions but also the employer's contributions, as both play significant roles in building the retirement savings. Additionally, the interest accrued on the total contributions over the years significantly impacts the final amount available at retirement.

When evaluating EPF savings, it’s important to look at the comprehensive picture, which includes the consistent nature of contributions over time and the compounding effect of interest. This method allows for a more accurate estimation of the total savings accumulated by retirement, emphasizing the importance of both the individual's and the employer's contributions as well as the time factor in the investment's growth. This holistic view is critical for effective retirement planning, ensuring individuals have an realistic understanding of their financial readiness for the future.