Retirement Planner

Disclaimer

The calculation of the Retirement Planner is based on certain assumptions including the hypothetical data input by the user. It does not take into account individual needs or circumstances. The results generated by this Retirement Planner may differ from other similar calculators in the market when different assumptions are adopted. Please note that the results do not represent, or promise, the actual amount of the retirement benefits the user will receive at retirement; and that they are for reference only and are not intended as and cannot be a substitute for professional financial advice. The shall not be liable for any human or mechanical errors or omissions in or any reliance placed upon the results; nor shall it be liable for the consequences of any decision or action taken upon or as a result of the information provided by the Retirement Planner.

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About Retirement Planner

The Retirement Planner includes five sections, namely "About you", "How much do you need for retirement", "Your retirement schemes", "Your savings and investments" and "Other retirement income".

After completing relevant information in the above sections, you will be provided an analysis report and action plan which you could use to improve your retirement plan.

Assumptions and methodology

Default values

The following fields have been set with default values, which can be changed by the user:

MPF benefit projections

Benefits of other retirement schemes

Your savings and investments

Result

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Retirement Planner

How much do you need for retirement? Use the Retirement Planner to work out your retirement budget and take home our free analysis report and action plan now!

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Retirement age varies across different people. It tells you how many years you have left to accumulate savings. The earlier you retire, the more money you need to cope with expenses.

The expectancy of life at birth for men and women is about 81 years and 87 years respectively.

As at December 2016, the annualised percentage change of the Composite Consumer Price Index over the past 5 and 10 years are 3.6% and 3.3% respectively.

The annualised return rate of Tracker Fund of the past 10 years is 2.1% (as at 31 May 2017 - without dividend reinvested). Please note that past performance is not a reliable guide for future performance.

If you are an employee, both you and your employer are required to contribute 5% of your relevant income respectively as MPF mandatory contributions, subject to the minimum and maximum relevant income levels.

If you are a self-employed person, you are required to contribute 5% of your relevant income as MPF mandatory contributions, subject to the minimum and maximum relevant income levels. A self-employed person is a person who earns income from the production of, or trade in goods or services in a capacity other than an employee.

For employees, relevant income refers to any wage, salary, leave pay, fee, commission, bonus, gratuity, perquisite or allowance expressed in monetary terms, paid or payable by an employer to an employee. For self-employed persons, there are a few ways to ascertain the relevant income, please refer to the webpage re contributions of the MPFA website for details.

The annualised percentage change of Nominal Indices of Payroll Per Person Engaged from Q4 2006 to Q4 2016 was 4.0%.

Any additional contribution paid by the employer on top of the 5% mandatory contribution is considered to be voluntary contribution.

This is a fixed amount contribution made to your MPF account in addition to mandatory contribution and voluntary contribution. Special voluntary contribution is paid directly by a relevant employee to the trustee without going through the employer. Making special voluntary contribution and withdrawal of its accrued benefits are neither tied to employment nor subject to preservation requirements.

You can check your annual benefit statements, make sure to include all your MPF accounts.

The annualised internal rate of return since inception of the MPF system in year 2000 to 31 December 2016 is 2.8%. Please note that past performance is not a reliable guide for future performance.

Please include all non-retirement scheme savings and investments that were made for retirement purpose.

For example, monthly investment plan for equities, funds etc.

The annualised return rate of Tracker Fund of the past ten years is at 2.1% (as at 31 May 2017 - without dividend reinvested). Please note that past performance is not a reliable guide for future performance.

As at December 2016, the annualised percentage change of the Composite Consumer Price Index over the past 5 years and 10 years are 3.6% and 3.3% respectively. The annualised percentage change of Nominal Indices of Payroll for Person Engaged from Q4 2006 to Q4 2016 was 4.0%.

Retirement Planner

This Retirement Planner helps you plan for your retirement. Simply answer some questions about your savings and investments, retirement schemes, other retirement income and the lifestyle you expect to lead during retirement, you will be provided a free analysis report and an action plan outlining key considerations for your retirement. You can save or print your report and action plan. You can also share this tool with your family and friends, or discuss the result with your financial advisers as appropriate.