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We reveal the wealth expectancy or peak wealth an individual can hope to attain at age 60 in Malaysia.

Standard Chartered Wealth Expectancy Report

We reveal the wealth expectancy or peak wealth an individual can hope to attain at age 60 in Malaysia.

Malaysia: is USD1 million enough for your retirement?

Standard Chartered’s new Wealth Expectancy Report 2019, which examines the saving and investment habits of 10,000 emerging affluent, affluent and high-net-worth individuals (HNWIs) across 10 fast-growing economies, reveals a universal challenge: people’s aspirations outstrip their ‘wealth expectancy’, or their total net wealth at age 60.

With an average wealth expectancy of USD1,035,000, savers in Malaysia have one of the smallest wealth expectancy gaps amongst the markets surveyed: by the time they are 60 years old, 64 per cent of Malaysians will be more than halfway to achieving their wealth aspiration.

This compares to a global trend where nearly six out of 10 people on average across the markets surveyed are facing a ‘wealth expectancy gap’ of 50 per cent or more.

For many savers in Malaysia, transfer of wealth to the next generation is a key area of focus. Around nine in ten of the emerging affluent (89 per cent) and affluent (87 per cent) say wealth transfer is their top priority, with more than half (57 per cent) of the emerging affluent worrying that their children will not know how to manage the wealth they inherit.

Learn more:

The infographic – a helpful guide to our research (View)

Download the report – Everything you need to know about… (Read)

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Wealth advisory