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Period in Retirement
We assume a Male individual will live till age 80 and a Female individual will live till age 85. Based on "Life Expectancy at Birth - 2015" statistics reported by the Department of Statistics Singapore.
Current Lifestyle and Household Expense Estimate
Values generated are based on the Singapore Household Expenditure Survey 2012/2013 last updated on 24 Mar 2016.
Inflation rate is based on 5-year geometric averages of Inflation Rate (Consumer Prices) published by the World Bank, for 2011-2015.
Interest Rate assumption for “Amount set aside”
The interest rate per annum is an estimate based on the range of interest rates offered by Singapore local banks DBS, OCBC and UOB on their savings accounts and fixed deposits as at 1 December 2016. It is used purely for illustrative purposes of how your savings may accumulate in the future.
Amount you need
Figure is calculated based on the assumption of no interest component.
All figures and diagrams are for illustrative purposes only. This calculator is intended to be used as an estimate only.