Plan your retirement with us
Find out how much you need for your desired retirement with our Retirement Calculator.
Your Details
Male
Female
How old are you?
18
70
Current age cannot be too close to your retirement age.
At what age do you plan to retire?
18
70
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How many years of income do you require during retirement?
Based on the data from the Singapore Department of Statistics, the average life expectancy for a male is 82, and 86 for a female. <br/><strong>Source: Singapore Department of Statistics</strong>18
99
Retirement age cannot be too close to life expectancy.
What is your desired retirement lifestyle?
The desired retirement lifestyle is based on your monthly expenses. <br/><strong>Source: OCBC Financial Wellness Index 2020</strong>
Modest
$2,300
Comfortable
$2,900
Premier
$5,200
Your future expenses (at current value)
per month
Your future expenses (at current value)
per month
Your savings set aside when you retire (at current value)
Your savings set aside when you retire (at current value)
per month
Here are your estimated coverage needs
You are a aged
You plan to retire at
59
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
With an existing provision of
you will face a total shortfall of
To maintain your desired retirement lifestyle, you will need to save
4,860 per month from now
Monthly expenses are derived by inflating monthly contributions from current age until the day you want to cash in your savings plan based on the inflation rates you have input into the above calculator.
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 Financial Representative 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 Financial Representative for a recommendation tailored to your specific needs.
Please speak to a licensed Great Eastern Financial Representative for a recommendation tailored to your specific needs.