Tell us 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.
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 old on average and 85 years old for Female for Singapore

Many people underestimate how long they will live in retirement, they may find themselves having not enough during the retirement years Therefore, it is important to plan now and adapt a systematic approach to retirement planning.

How much are you setting aside for your retirement

Current total savings
Government scheme CPF
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What is [government scheme]?

In Singapore, the Central Provident Fund is a compulsory comprehensive savings plan for working Singaporeans and permanent residents primarily to fund their retirement, healthcare, and housing needs.

SGD

annual return
%

Cash
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What is cash?

This refers to the cash in your current or savings accounts in local or foreign currencies or fixed deposits

SGD

annual return
%

Current total investments
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What should I consider as investments?

There is a wide range of investment products for you to choose from. They include :

  • Bonds

  • UT

  • Equities

  • Structure deposits / notes

  • Investment-linked Insurance Policies

SGD

annual return
%

Monthly savings (from now until you retire)
Government scheme CPF
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What is [government scheme]?

In Singapore, the Central Provident Fund is a compulsory comprehensive savings plan for working Singaporeans and permanent residents primarily to fund their retirement, healthcare, and housing needs.

SGD

annual return
%

Cash
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What is cash?

This refers to the cash in your current or savings accounts in local or foreign currencies or fixed deposits

SGD

annual return
%

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

There is a wide range of investment products for you to choose from. They include :

  • Bonds

  • UT

  • Equities

  • Structure deposits / notes

  • Investment-linked Insurance Policies

SGD

annual return
%

How much are your expenses?

Current monthly expenses
SGD

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. Some examples include :

  • 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

  • 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: SGD   0

Planning for Retirement
Speak with a relationship manager to explore how we can help you start retirement planning. Some options include:

Annuity Plans

Steady income stream for your retirement.

Learn More >>

Endowment Plans

Combine savings with protection benefits.

Learn More >>

Unit Trusts

Invest in professionally managed funds.

Learn More >>

Premium Currency Investments (PCIs)

Maximise your investments with PCIs.

Learn More >>

Speaking Up

Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.

Disclaimer

Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.

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