Will your money last to 95?
Answer five questions and see your retirement number — what your lifestyle will cost by then, the total you will need, and the monthly saving that reaches it.
Free · takes 2 minutes
About you
Your retirement number, in five answers
What you will see
What your current lifestyle will cost per month by the time you retire
The total you need saved on your retirement day
The monthly saving that gets you there — and what waiting costs
Why should I care about my retirement?
Because three things are moving while you are not thinking about it. Here is what each one does to your figures.
The target keeps moving
Your lifestyle costs S$ 3,000 a month today. At 3% inflation, the same lifestyle costs this much by the time you reach 65.
So one month of your lifestyle costs S$ 8,442 by the time you retire at 65. From 65 to 95 there are 360 months to pay for. Multiply the two and you get S$ 3,038,971 — the figure above. It is a large number, but it is only your monthly cost, counted once for every month of retirement.
Waiting is the expensive part
Same target of S$ 3,038,971, same retirement at 65. The only thing that changes is when you start. This is what each delay costs you per month.
Each year of delay adds roughly S$ 195 a month to what you have to save. The money contributed earliest has the longest time to grow, so starting early with a smaller amount achieves more than starting later with a larger one.
It is not one bill — it is four
When you estimate what retirement costs, these are the four things to put a number against. They do not all inflate at the same speed.
Steady
Cost of living
Food, utilities, transport, insurance. Tracks general inflation fairly closely.
Fastest
Medical costs
Historically rises faster than general inflation, and rises again with age.
Varies
Dependents
Children still studying, or parents needing support. Often both at once.
Your choice
Lifestyle
Travel, hobbies, a car. The part you control, and the first to be cut.
The calculator above used a single lifestyle figure. A real plan prices these four separately, because medical costs and dependents behave nothing like groceries.
Have these numbers checked against your actual position
Thirty minutes, no fee, no product pitched on the call. A licensed adviser from our panel goes through your real CPF statement, your SRS balance and your tax position — which usually moves the figure above in one direction or the other.
These are illustrations based on fixed annual rates, not forecasts. Investment returns vary and can be negative. Figures assume costs rise with inflation until retirement day and stay level after it. This is not financial advice — do speak to a professional before making investment decisions.