Employee Provident Fund (EPF) Calculator
This Employee Provident Fund (EPF) Calculator helps you estimate your future EPF balance based on your current savings, monthly contributions, and expected annual interest rate.
EPF Balance Growth Calculator
Employee Provident Fund Growth Formula
$$\text{Total EPF} = \text{Current EPF} \times (1 + r)^t + \sum_{i=1}^{t \times 12} \text{Monthly Contribution}_i \times (1 + r)^{(t – \frac{i}{12})}$$
Where:
- $$Current EPF$$ = Existing EPF balance
- $$r$$ = Annual interest rate (as decimal)
- $$t$$ = Number of years until withdrawal
- $$Monthly Contributionᵢ$$ = Monthly $$EPF$$ contribution at month $$i$$
- $$Total EPF$$ = Future value of $$EPF$$ savings after time $$t$$
The Employee Provident Fund (EPF) Calculator provides an accurate projection of your retirement savings. By factoring in monthly contributions and interest accumulation over time, this tool helps employees in planning their financial future and setting realistic retirement goals.