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Retirement

Retirement should be a time of relaxation. But the reality is that this phase of your life can bring big financial changes. Use our handy calculator to work out the amount you'll need, to comfortably enjoy your golden years.

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 Singapore Department of Statistics: average life expectancy for a male to be 80, and 85 for a female. You can if you prefer 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)
per month
Your future expenses (at today's prices)
per month
Your existing provision when you retire (at today's prices)
Your existing provision when you retire (at today's prices)

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
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 3.5% to 4.5%. Source: Ministry for Trade and Industry and Monetary Authority of Singapore 2013.

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 Planner Advisor now for advice. Or click on the button below to learn more about our selection of relevant plans!

Note: This calculator is intended to provide estimates only.
Please speak to a licensed Great Eastern distribution representative 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
Great Eastern Holdings Ltd | Great Eastern Life Assurance Co Ltd | Great Eastern General Insurance Ltd