Retirement Savings Calculator
Projects retirement savings outside CPF.
Result
- Projected nest egg
- S$874,012.94
- Safe monthly draw at 4% a year
- S$2,913.38
How to use the retirement savings calculator
- Enter the current savings (S$).
- Enter the monthly saving (S$).
- Enter the expected return (%).
- Enter the years to retirement.
- The results update as you type, or press Calculate.
- Read the projected nest egg first, then the supporting figures below it.
Formula
FV with monthly contributions; draw = 4% of the pot ÷ 12.
Worked example
For example, with these inputs:
- Current savings (S$): 80,000
- Monthly saving (S$): 1,000
- Expected return (%): 5
- Years to retirement: 25
the calculator returns:
- Projected nest egg: S$874,012.94
- Safe monthly draw at 4% a year: S$2,913.38
Background
Inflation erodes buying power, so a savings goal set in today's dollars needs to be adjusted upwards for the years it will take to reach it. Singapore's core inflation has varied widely over the past decade, so it is worth testing a range of rates.
Compounding is the reason long-term saving works: returns earn further returns, so the growth curve steepens over time. The same maths works against you with debt, which is why credit card balances at around 27% a year grow quickly if only minimum payments are made.
Frequently asked questions
How does the retirement savings calculator work?
It applies this formula: FV with monthly contributions; draw = 4% of the pot ÷ 12.
Is this financial advice?
No. It is a calculation tool. For decisions about loans or investments, compare official offer documents and consider speaking to a licensed adviser.