Do you know what is the retirement sum required before you can retire in Singapore?
Well it depends on three factors:
How long you are going to live after your retirement?
What is the rate of return for your investment?
What is the expected monthly expenditure?
Singaporeans are expected to retire at 62 and the present life expectancy is 83 for male and 88 for
female. In short,male is expected to live another 21 years and female 26 years after their retirement.
The annual rate of return will largely depend on the risk appetite of the retiree.6% is considered
conservative, 9% moderate risk and 12% high risk. (Inflation should be taken care here.)
Your monthly expenditure will be the sum you need for your chosen life style after retirement.Now just key in the boxes provided and click submit to get the retirement sum required in Singapore!
Now just key in the boxes provided and click submit to get the answer in months
