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Are you prepared to enjoy your retirement with the lifestyle you want?

How much do you need for your retirement reserves?

  • Lifestyle after retirement
  • Reserve for retirement

Monthly spending* in Hong Kong can be divided into four groups, for a general indication of household expenditures today. With inflation considerations, this will shed some light on your likely monthly retirement costs.

Logo, Trademark, Symbol
Basic
HK$10,000

per month

Van, Vehicle, Transportation
Moderate
HK$20,000

per month

Car, Automobile, Vehicle
Carefree
HK$30,000

per month

Transportation, Vehicle, Aircraft
Affluent
HK$62,000

per month

Another simple way to calculate retirement cost is to apply The rule of 300^. Simply take your current monthly expenses and multiply that amount by 300. The amount you get is how much you'll need to have saved to keep living the lifestyle you currently live when you retire.

Logo, Trademark, Symbol
Basic
HK$3 million
Van, Vehicle, Transportation
Moderate
HK$6 million
Car, Automobile, Vehicle
Carefree
HK$9 million
Transportation, Vehicle, Aircraft
Affluent
HK$18.6 million

Tailored solutions to help you plan

Navigating the market while planning your retirement can be time-consuming. We have designed retirement solutions catered to your common evolving needs: to save toward your retirement pot, to get ready to retire, and to enjoy your retirement with regular income.

Person, Human, People

Save

Protect and grow your retirement reserve

25 to 55 years old

Reading, Person, Human

Shift

Getting ready to retire

56 to 65 years

Person, Human, People

Spend

Generate income and preserve your wealth

> 65 years old

Grow and Protect

General objectives

Investment
  • Focus on growth
  • Longer investment horizon
  • Consideration for inflation
Insurance
  • Protect your savings
  • Steadily grow over time
  • Get regular income later in retirement
Sphere, Plot, Text
Complement with MPF via exclusive partnership with Manulife
Largest market share *, most diversified fund platform# and for post-retirement safety net
*Source: “Mercer MPF Market Shares Report” as at December 31, 2020 by Mercer (Hong Kong) Limited, in terms of market share of total MPF assets by scheme sponsor.
# Source: Mandatory Provident Fund Schemes Authority’s MPF Fund Platform as at August 11, 2020, in terms of the number of constituent funds of an MPF scheme.

Shift into Spend Mode

General objectives

Investment
  • Focus on total return
  • Shorter investment horizon
  • Consideration for inflation
Insurance
  • Preserve your savings
  • Steadily grow over time
  • Get regular income later in retirement
Sphere, Nature, Outdoors
Complement with MPF via exclusive partnership with Manulife
Largest market share *, most diversified fund platform# and for post-retirement safety net
*Source: “Mercer MPF Market Shares Report” as at December 31, 2020 by Mercer (Hong Kong) Limited, in terms of market share of total MPF assets by scheme sponsor.
# Source: Mandatory Provident Fund Schemes Authority’s MPF Fund Platform as at August 11, 2020, in terms of the number of constituent funds of an MPF scheme.

Spending during Retirement

General objectives

Investment
  • Focus on income
  • Minimise capital loss
  • Consideration for inflation
Insurance
  • Preserve your savings
  • Steadily grow over time
  • Get regular income
Sphere, Planetarium, Building
Complement with MPF via exclusive partnership with Manulife
Largest market share *, most diversified fund platform# and for post-retirement safety net
*Source: “Mercer MPF Market Shares Report” as at December 31, 2020 by Mercer (Hong Kong) Limited, in terms of market share of total MPF assets by scheme sponsor.
# Source: Mandatory Provident Fund Schemes Authority’s MPF Fund Platform as at August 11, 2020, in terms of the number of constituent funds of an MPF scheme.

Do you know about these retirement facts of Hong Kong people and are you ready for yours?

For the Hong Kong affluent, there is insufficient wealth for long-term retirement

  • Upon retirement, their wealth expectancy will fund their ideal lifestyle for up to 10 years** on average.
  • If they retire at age 60, their retirement could last 30 years.

Only 36%** of Hong Kong people think they are on track to achieve their retirement goals. Are you on track?

  • How much should we save for our retirement dream lifestyle?
  • Are you well protected against high medical care costs?

Disclaimer

Sources

*Source: 2015 Expenditure report from HK Census and Statistics Department, with CPI calculations from 2016 – 2020.

^Source: “Plan your retirement spending with the rule of 300 by Lam Pun Lee” AM730. November 30, 2012.

**Source: Standard Chartered Wealth Expectancy Report 2019” Standard Chartered Bank. January 22, 2020.

Risk Disclosure Statement

  • Investment involves risks. The prices of investment products fluctuate, sometimes dramatically and the worst case may result in loss of your entire investment amount. Past performance is no guide to its future performance.
  • Investors should read the terms and conditions contained in the relevant offering documents and in particular the investment policies and the risk factors and latest financial results information carefully and are advised to seek independent professional advice before making any investment decision.
  • Investors should consider their own investment objectives, investment experience, financial situation and risk tolerance level.

Disclaimer and Important Notes of Life Insurance

  • This webpage is intended to be valid in Hong Kong only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Hong Kong. Standard Chartered does not offer or sell any insurance product in any jurisdictions outside Hong Kong in which such offering or sale of the insurance product is illegal under the laws of such jurisdictions. This webpage does not constitute a contract of insurance or an offer, invitations or recommendation to any person to enter into any contract of insurance or any transaction described therein or any similar transaction.
  • The material and information contained on this webpage should be read in conjunction with the relevant product brochure and for the risk disclosure, please refer to the product brochure.

Disclaimer for MPF

  • Standard Chartered Bank (Hong Kong) Limited is a distributor of the MPF scheme, a product of Manulife (International) Limited (Incorporated in Bermuda with limited liability).
  • Investment involves risk. Price of units of any constituent funds and the income from them may go down as well as up. Past performance is not an indicative of future performance. Before making any investment decision to invest in a scheme, members should read the MPF Scheme Brochure for more detailed information (including risk factors, fees and charges) on the scheme and its constituent funds. Investors should ensure they fully understand the risks associated with the scheme and should also consider their own investment objective and risk tolerance level. If in doubt, please seek independent financial and professional advice.
  • This webpage does not constitute any offer, invitations or recommendation to any person to enter into any scheme or any transaction described therein or any similar transaction. This webpage has not been reviewed by the Securities and Futures Commission or any regulatory authority in Hong Kong.

Notes

  • This webpage is for your information only.
  • Investing can be complex due to changing market conditions. You have your own personal circumstances, specific needs and investment objectives. You may also hold assets elsewhere. These factors, which can change from time to time, and your holdings held elsewhere have not been factored in.
  • Notwithstanding any discussion with your Relationship Manager, before deciding to proceed with any investment transaction, you should make an independent assessment about the risks, merits and appropriateness of each investment transaction, and seek independent professional advice.
  • We are not providing portfolio monitoring services and are not obliged to review, manage or monitor the performance of your investment holdings.
  • This webpage does not constitute any prediction of likely future price movements.
  • Investors should not make investment decisions based on this webpage alone.
  • This webpage has not been reviewed by the Securities and Futures Commission or any regulatory authority in Hong Kong.