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Retirement Planning

Retirement Fund Calculator

In 3 easy steps, find out how much you need to save to prepare for your desired retirement. Let’s try it now!

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Step 1 - Plan for your retirement

Step 2 - Share your lifestyle

Step 3 - Plan for your retirement funds

Results

1

Step 1 / 4

Plan for your retirement

Step 1

Plan for your retirement

2

Step 2 / 4

Share your lifestyle

Step 2

Share your lifestyle

3

Step 3 / 4

Plan for your retirement funds

Step 3

Plan for your retirement funds

4

Results

Results

Please tell us a little about you and your plan!

Your gender

Age

Your current age

years old

Your desired retirement age

years old

Your expected lifespan

years old

"Your expected lifespan" cannot be younger than "Your desired retirement age".

"Your desired retirement age" cannot be younger than "Your current age".

Please input an integer from 18 to 120.

In 2023, the average expectation of life at birth for females and males is 88 and 83 respectively, according to the Census and Statistics Department of Hong Kong, released in February 2025.

Please share your intended lifestyle and expected expenses after retirement!

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Transportation

HKD /month

The average monthly expenditure on transportation by households in Hong Kong was HKD2,033. (Census and Statistics Department, Household Expenditure Survey 2019-20, released in June 2021)
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Food

HKD /month

The average monthly expenditure on food by households in Hong Kong was HKD8,107. (Census and Statistics Department, Household Expenditure Survey 2019-20, released in June 2021)
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Housing

HKD /month

The average monthly expenditure on housing along with electricity, gas, water, durable goods, miscellaneous goods and household services by households in Hong Kong was HKD14,768. (Census and Statistics Department, Household Expenditure Survey 2019-20, released in June 2021)
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Clothing and Footwear

HKD /month

The average monthly expenditure on clothing and footwear by households in Hong Kong was HKD748. (Census and Statistics Department, Household Expenditure Survey 2019-20, released in June 2021)
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Travel

HKD /year

On average, people in Hong Kong spend HKD10,000 or more per year on travel. (Klook, released in July 2023)
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Health & Wellness

HKD /month

The average monthly expenditure on proprietary medicines and supplies, cosmetics and personal care products, medical services, beauty treatment and fitness services by households in Hong Kong was HKD1,530. (Census and Statistics Department, Household Expenditure Survey 2019-20, released in June 2021)

Please tell us a little about your plan!

Savings(including deposits, investments, savings insurance, MPF, etc.)

Current total savings balance

Intended monthly savings before retirement

Intended annual rate of return before retirement

%

Please check the following result.

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Your total expected retirement funds that would be saved by your desired retirement age 60 Based on customer’s input in Step 3

HKD $5.5M

Your total expected expenses after retirement Based on customer’s inputs in Step 1 and Step 2 with expected annual inflation rate at 2.4312% (calculated by taking the average of the inflation rates in Hong Kong over 2013-2023)

HKD $5.5M

Your total expected retirement funds that would be saved by your desired retirement age 60 Based on customer’s input in Step 3 Amount of your total expected retirement funds short of your total expected expenses after retirement

HKD $3.5M HKD $5.5M

Your total expected expenses after retirement Based on customer’s inputs in Step 1 and Step 2 with expected annual inflation rate at 2.4312% (calculated by taking the average of the inflation rates in Hong Kong over 2013-2023)

HKD $5.5M

Your monthly total expected expenses after retirement. Based on customer’s inputs in Step 1 and Step 2 with expected annual inflation rate at 2.4312% (calculated by taking the average of the inflation rates in Hong Kong over 2013-2023)

HKD 12,500 /month

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Disclaimer and Important Notes

This webpage is for your information only. Customers must not rely on the information in this webpage alone to enter into any transaction. Customers are recommended to seek professional advisers for specific advice.

Standard Chartered Bank (Hong Kong) Limited (“Standard Chartered”) expressly disclaims all liability for the use or interpretation by others of information contained in this webpage.

The analysis provided above is for reference only. It is based on the data inputted by the customer and data from public sources, including expected inflation rate (calculated by taking the average of the inflation rates in Hong Kong over 2013-2023). Standard Chartered did not verify and does not make any representation, promise or warranty, express or implied, as to the accuracy, completeness or timeliness of the information. There is no guarantee that such information is accurate as of the date it is published or that it will continue to be accurate in the future. Standard Chartered shall not be responsible for the accuracy of the projections (calculated by the retirement fund calculator) which may be based on assumptions.

All information shown is for reference purpose only and should not be considered as an offer or solicitation for any of the products or investments mentioned herein. Some of the information in this webpage may contain projections or other forward-looking statements regarding future events or the future financial performance of countries, markets or companies. These statements are only predictions but actual events or results may materially differ. Any opinion or information contained in this webpage is made on a general estimate basis, without any guarantee of accuracy, and should not be relied upon by the reader as advice. Standard Chartered reserves the right to make changes and corrections to its opinions expressed in this webpage at any time, without any prior notice. You are advised to seek independent advice from appropriate professionals (such as accountants, financial consultants or lawyers, etc) before making any decision on the topic(s) mentioned on this webpage.

Sources

  1. Census and Statistics Department of Hong Kong
  2. Klook survey July 2023
  3. World Bank Open Data
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