Tell us a bit about yourself

Your gender

Your current age
(between age 20 and 69)

Your desired retirement age
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At what age should I plan on retiring?

For the purpose of this calculator, the age at which you retire is the age you will stop working full time. The longer you work, the more money you'll make and the more you'll have for your retirement.
We have defaulted the retirement age at 60 years. You may wish to choose a retirement age that is realistic to your situation by replacing the value.

Number of years in retirement
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How do I estimate my years in retirement?

We have based the number of years in retirement on the difference between the average life expectancy and the age you would like to retire - the average life expectancy for Males is 81 years on average and 87 years for Female for Hong Kong*.
You may live quite a long time in retirement. Longer than you expect, in fact. If you’re one of the many people who underestimate how long you’ll live in retirement, you may find yourself running out of money. Therefore, it is important to plan now and adapt a systematic approach to retirement planning.
* source: Census and Statistics Department 2014 report.

How much are you setting aside for your retirement

Current total savings
MPF
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What is MPF?

The MPF System in Hong Kong was designed to form a mandatory, privately managed, fully funded contribution scheme.
To help the ageing workforce save for their retirement, the Mandatory Provident Fund Schemes Ordinance (“MPFSO”) was enacted in 1995 and later supplemented by subsidiary legislation in 1998, 1999 and 2000. The MPF System was launched in December 2000.

HKD

annual return*
%

Cash
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What is cash?

This includes the cash in your deposit accounts (current and savings accounts), in local or foreign currencies.

HKD

annual return
%

Current total investments
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What should I consider as investments?

This includes stocks, bonds, investment funds, structured investment and foreign exchange. Your primary home should not be included in this calculation.

HKD

annual return
%

You may adjust the rate.

Monthly savings (from now until you retire)
MPF
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What is MPF?

The MPF System in Hong Kong was designed to form a mandatory, privately managed, fully funded contribution scheme.
To help the ageing workforce save for their retirement, the Mandatory Provident Fund Schemes Ordinance (“MPFSO”) was enacted in 1995 and later supplemented by subsidiary legislation in 1998, 1999 and 2000. The MPF System was launched in December 2000.

HKD

annual return*
%

Cash
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What is cash?

This includes the cash in your deposit accounts (current and savings accounts), in local or foreign currencies.

HKD

annual return
%

Monthly investment (from now until you retire)
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What should I consider as investments?

This includes stocks, bonds, investment funds, structured investment and foreign exchange. Your primary home should not be included in this calculation.

HKD

annual return
%

You may adjust the rate.

*The annualised internal rate of return (“IRR”) of the MPF system since inception (1 December 2000 – 31 March 2016) is 2.6%. Source: MPF Schemes Statistical Digest – March 2016 issued by Mandatory Provident Fund Schemes Authority.

How much are your expenses?

Current monthly expenses
HKD

Post-retirement monthly expenses
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How do I estimate my post-retirement monthly expenses?

Your post-retirement expenses will depend on the lifestyle that you are aiming for, as well as the changes in your financial obligations after you retire.

  1. You may want a higher monthly expense if:

    • You want to trade up your current home with an extravagant vacation home

    • Pursue new hobbies that require significant expenses – eg. photography, travelling, art

    • Factor in healthcare expenses if these are significant and not covered by your health insurance

  2. You may decrease your post-retirement expenses if:

    • You want to sell your current home and move to a smaller space since all your children have moved out

    • Mortgage, which is a large part of your current expense, will be paid off when you retire

    • You don’t need to support your children / grandchildren after you retire


In today's dollars: HKD   0

Options for you to consider

Important Note:
Investment Fund is an investment product and some Investment Funds would involve derivatives. The investment decision is yours but you should not invest in that investment product unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives.

Mandatory Provident Funds (MPF)

Enjoy one-stop retirement planning services at Standard Chartered with MPF product provided by Manulife (International) Limited, the award-winning partner#.

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Investment Funds

Our fund service offers hundreds of investment funds from major fund houses, covering major fund types with regular income and a variety of currency share classes.

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Life Insurance

Comprehensive range of life insurance products is available to meet your financial and protection needs.

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Bond

Bond's fixed schedule for coupon payment and principal payback upon maturity can help retirement planning for future cash need.

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Foreign Exchange Trading & Deposit

Our foreign exchange service allows you to trade with ease via online banking and manned channel. Sign up time deposits to enjoy a higher interest rate over a savings account.

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#Source: BENCHMARK magazine. Manulife was crowned the “Provider of the Year – MPF” at the BENCHMARK Fund of the Year Awards 2014 and BENCHMARK Fund of the Year Awards 2015 held by BENCHMARK magazine.

Important Notes for Life Insurance

Standard Chartered Bank (Hong Kong) Limited (“Standard Chartered”) is an insurance agent of Prudential Hong Kong Limited (“Prudential”).

As the issuer of the life assurance plans, Prudential will be responsible for all protection and claims issues. Prudential is not an associate or subsidiary company of Standard Chartered. This webpage is not a contract of insurance and is intended to be a general summary for reference purpose only. Please refer to the policy for full terms and conditions. Standard Chartered does not accept any responsibilities regarding any statements provided by Prudential or any discrepancies or omissions in the contract of insurance nor shall Standard Chartered be held liable in any manner whatsoever in relation to your contract of 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. Prudential and Standard Chartered do 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.

Whether to apply for insurance coverage is your own individual decision. For Prudential's life assurance plan policy provisions, details and risk disclosure please refer to relevant plan's product leaflet/offering document and specimen policy.

Risk Disclosure Statement for investment product:

  • Investment involves risks. The prices of investment products fluctuate, sometimes dramatically. The price of the investment products may move up or down and may become valueless, and investors may not get back the amount they have invested. 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 is advised to seek independent professional advice before making any investment decision. 
  • Investors should not only base on this webpage alone to make investment decisions. Investors should ensure they fully understand the risks associated with investment products and should also consider their own investment objective and risk tolerance level.

Note

  • This webpage does not constitute any offer, invitation or recommendation to any person to enter into 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.