Quick Links
Calculator on retirement needs
Please enter the following information to calculate your retirement needs
|
Your anticipated monthly expense during retirement (include all cost of living, medical expenses, etc.) |
||
|
||
| Your current age | ||
| 18 100 | ||
|
||
| Your expected retirement age | ||
|
||
| Your life expectancy | ||
|
||
Your expected rate of return during retirement (include interests from savings account, or returns from other investments) |
||
|
||
| Expected inflation rate | ||
|
||
Calculation Result
| Monthly expense (future value) (Note 1) | $ | 261,109.20 | |
| Amount you need when you retire (future value) (Notes 2 & 3) | $ | 12,226,910.21 | |
| Amount you need when you retire (today's value) (Note 3) | $ | 374,614.45 |
Note:
- Monthly expense for the first month in retirement, and the amount will increase according to inflation rate afterwards.
- The amount you need when you reach retirement, which has included the effect of inflation.
- Only estimate your needs during retirement, and no amount will be left at the end of your retirement.
Last Revision Date: 16/10/2012
