How much do you need to retire?
When you’re busy trying to take care of the present, retirement may be the last thing on your mind. But thinking about it early and taking small steps can do a lot to change your financial future. Start with a quick look at how much you’ll need for retirement and how ready you are, by using our calculator below.
Calculate your retirement readiness
- Retirement Goals
- Retirement Spend
- Existing Funds
In 4 easy steps, find out if you'll be able to afford the retirement lifestyle you want.
Let's start with your gender.
Tell us your retirement goals
Tell us your preferred retirement lifestyle
We'll help you estimate how much it will cost to sustain it.
S$ - /mth
Here's what you'll need for retirement
Based on your selections.We've broken it down into basic and lifestyle spend.
S$ - /mth
Now, let's see how much you'll have by retirement age
Let's project your current finances.
Total funds today
Projected funds at 65
your desired retirement spend of S$0/mth till you're 85 .
Projected funds at 65 (retirement age)S$-
For your funds to last till you're 85
(Upward trend accounts for inflation)
Facing a shortfall?
Don't be daunted by what's ahead! A little planning goes a long way, and we're here to help you with that.
How is this derived?
1. Meet basic spend first
After setting aside an emergency fund, we'll channel your funds into meeting your basic spend till life expectancy.
2. Meet lifestyle spend with remaining funds
Any excess is then distributed to meet your lifestyle spend.
3. Understand your shortfall
You can see where you start to run out of funds for your total spend.
Start early, get ahead
Get invested in the long term
To really grow your money, you'll need to invest—and do it in the long run. No matter your level of experience, you can invest simply and confidently in digiPortfolio, a ready-made investment portfolio that helps you grow your wealth through regional or global diversification.
Start your digiPortfolio in just 5 clicks.
Stay protected as you grow your nest egg
Having adequate insurance coverage is crucial so that an unexpected event doesn’t disrupt your plans.RetireSavvy is a flexible digital retirement plan that protects you right from the start of the plan into your retirement years. You can customise your retirement benefits and make tweaks along the way—total flexibility is in your hands.
Frequently Asked Questions
How does this calculator work?
We first work out the amount you’ll need for retirement based on your lifestyle selections. Then we project your current savings and investments up to retirement age and see if that’s enough to meet your required basic spend, plus anything else on top for all your retirement years.
- Cash & deposits – 0.05% p.a. growth
- Investments – 4.45% p.a. returns
- Inflation – 3% p.a.
How accurate is this calculator?
This calculator simply gives you a broad first look at retirement. You can get a detailed projection of your actual finances in DBS NAV Planner. It’s our advanced financial planning tool where you can link and project your other bank and investment accounts, and even your CPF.
What can I do if I have a big retirement shortfall?
A big shortfall may be daunting, but planning early can really help! Speak with your trusted financial advisor. They can help do an in-depth analysis of your finances and suggest ways to plug the gaps. If you don’t have an advisor, DBS Wealth Planning Managers are happy to chat. Get in touch anytime.
I have CPF savings. Doesn’t that count?
Glad you asked! Your CPF is an important part of your retirement plan. We have an advanced planning tool in DBS NAV Planner where you can project your CPF OA, SA, MA savings, and even calculate your CPF Life payouts.
This retirement calculator is designed to be an educational tool for your general information only and is not meant to provide investment advice. We make some assumptions when building the calculator, which you can read about above, and the results presented may not reflect the actual growth of your holdings. You should not rely on this calculator to make any decision and we are not responsible for any consequences of you choosing to do so. Speak to a representative if you need professional advice.
This is a tool to determine your retirement gap based on data you provided. We do not provide any recommendation or financial advice. The information, assumptions and simulation are obtained from sources believed to be reliable, but DBS makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose.
DBS does not assume liability for any illustration provided here or for your reliance on these illustrations.