A Case Study on the Net Worth of Retirement Planning for a Malaysian Household

Abstract

The purpose of this case study is to present a retirement plan based on
the total net worth of an average Malaysian household. Adequate net
worth is important to be able to make a long-term retirement plan
during the retirement life. Few measurements are used such as present
value of total retirement fund needed, future value of the resources
and retirement gap. The results show sufficient net worth is essential
to achieve a retirement planning. Secondly, the future value of current
resources is greater than the lump sum retirees need for retirement life.
The results also show financial assets should be accumulated before
the retirement age to support long-term retirement life. The outcomes
highlight the importance of a higher net worth that will benefit the
retirees and working adults for retirement planning.