Welcome to our Retirement Calculator

try our Retirement Calculator and discover how ready you are to realise this dream.

Retirement Calculator

Exit
First, let us get to know you better.
Please enter your name
Please enter your age
Please enter an age below 83
Please enter your age
Please enter an age below 83
Retirement age has to be larger than current age

Does a good retirement require careful planning? If you think so, you’re not alone.
You’d be glad to know:

53% of working adults who are financially informed feel they will enjoy a happy retirementFootnote:1.

Footnote 1HSBC The Future of Retirement Report 2016

Next, tell us more about your earnings and expenditure.
S$
Please enter a number
S$
Please enter a number

Hi , ever wondered how much you’d need for a comfortable retirement?
Here’s a tip:

It’s estimated that retirees require 60% to 70% of their pre-retirement income
to live comfortablyFootnote:2.


This means that you’ll need S$
to
S$
per month.

Footnote 2TODAY article – Saving for retirement

Share with us details on what you owe and own.
S$
Please enter a number
S$
Please enter a number

Need to keep your finances in check? Do keep this general rule in mind:

Your monthly debt should not exceed 35% of your gross monthly incomeFootnote:3.

Footnote 3MoneySENSE article – Getting Out of Debt

Moving on, we’d like to know what you foresee your savings potential to be.
% p.a.
Please enter a number
Please enter a value above 2.00%
Please enter a value up to 20%
% p.a.
Please enter a number
Footnote 4askST: What are the average annual returns for Singapore Savings Bonds?
Footnote 5Core Inflation Rate

How prepared are pre-retirees for their golden years?
You’d be surprised to know:

77% of pre-retirees have started saving for their retirementFootnote:6.

Footnote 6HSBC The Future of Retirement Report 2016

Almost there! Let’s talk about your spending when you retire.
 
S$
Please enter a number
Please enter a value up to 500,000
S$
Please enter a number

Depending on lifestyle, retirement expenses may vary. But here’s a monthly estimate based on basic needs:

Entertainment + Utility and phone bills + Public transport + Food = S$1,200Footnote:7

Footnote 7Channel News Asia article – Retirement planning: How much is enough?

Congratulations, ! Your retirement dreams are on track.

You have a surplus of S$ for your retirement. But we can help to strengthen your financial health.

Oops, ! Your retirement dreams are off the mark.

You have a deficit of S$ for your retirement. Don't worry, we can help you get the right head start.

  1. You are currently Years Old
  2. You plan to retire at
  3. You are planning for retirement in Years’ Time

Footnote 8askST: What are the average annual returns for Singapore Savings Bonds?

Adjust the sliders to see how you can be better prepared for retirement.


% p.a.
Please enter a number
Please enter a value up to 20%
0% p.a. 20% p.a.

years old
Please enter a number
Please enter an age below 83
Retirement age has to be larger than current age
0 82

during retirement

S$
Please enter a number
Please enter a value up to 500,000

Important notes

The information and/or estimates generated by this calculator should not be construed as an offer to sell or a solicitation of an offer to purchase or subscribe for any insurance or investment nor shall it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever.