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Retirement Plan Calculator

Retirement should be a time of relaxation. But the reality is sometimes not as rosy as we expect it to be. More often than not, we end up underprepared when facing the unforeseeable future.

Retirement is the phase of life that can bring some of us a huge financial and lifestyle change. Hence, it is good to plan early to prepare for the upcoming future and the possibility. Great Eastern provides a handy retirement calculator for you to work out the amount you'll need to ensure that you will be able to comfortably enjoy your golden years without any worry of financial burden.

The calculator is straightforward to use. All you need to do is fill in your gender, age, expected retirement age, the number of years of income you require after retirement, your desired retirement lifestyle, your future expenses, and your existing provision when you retire.

We will help calculate them for you and come out with the expected amount you need to maintain your desired retirement lifestyle when the time comes. You can also use it to refer to your Life Planning Advisor for any advice on your retirement plan.

Your details

Male
Female

How old are you?

18
70
Current age cannot be too close to your retirement age.
0

At what age do you plan to retire?

18
70
Would you like to retire at a younger age?
0

How many years of income do you require during retirement?

Based on data from the Malaysia Department of Statistics: average life expectancy for a male is 72, and 77 for a female. You can adjust the life expectancy on below slider.
18
99
Retirement age cannot be too close to life expectancy.
0
0

What is your desired retirement lifestyle?

Modest
Comfortable
Premier
Your future expenses (at today's prices) RM
per month
Your future expenses (at today's prices) RM
per month
Your existing provision when you retire (at today's prices) RM
Your existing provision when you retire (at today's prices) RM

Here are your estimated coverage needs

You are a aged
You plan to retire at

You're planning for

years of retirement

Factoring an annual inflation rate of
%,
the future value of your desired monthly income when you reach
is S$3,115.93

Assuming you are able to generate a
% rate of return, the amount you need at your desired retirement age is S$1,086,374.51

With an existing provision of
RM
you will face a total shortfall of S$0
To maintain your desired retirement lifestyle, you will need to save
per month from now The annual inflation rate is 3%.

Monthly expenses are derived by inflating monthly contributions from current age until the day you want to cash in your savings plan. The core inflation rate is typically lower than the Consumer Price Index (general inflation rate).

How do I start?

The above may sound hard to achieve, but we can help. At Great Eastern Life, we build solutions made to see you reach your goals. Simply contact a Great Eastern Life Planning Advisor now for advice. Or click on the button below to learn more about our selection of relevant plans!

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Note: This calculator is intended to provide estimates only.
Please speak to a licensed Great Eastern Life Planning Advisor for a recommendation tailored to your specific needs.
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Great Eastern Holdings Ltd | Great Eastern Life Assurance Co Ltd | Great Eastern General Insurance Ltd