IT’S NOT ENOUGH FOR YOU TO RETIRE WITH

We're living longer, but spending more time in poor health.

With a life expectancy of 84.8 years and a retirement age of 62, Singaporeans now have 23 years of retirement we must be able to tide ourselves through. Studies conducted by the Ministry of Health have shown that out of those 23 years, 10.6 years are spent in ill health.

We can expect our costs required for retirements to increase – are you ready for that?

Don't count on your CPF Payouts to cover all of our retirement; they’re only a complementary or supplementary source of income for retirement. You're going to have to do more.

Source: Ministry of Health, 2019

Use this retirement calculator as a quick tool to estimate how much you’ll need.
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MAKE THE MOST OF YOUR CPF, CONSIDER INVESTING

The CPF Board has approved several investments and products that you can invest in using your CPF monies. They have met the rigorous standards established by the CPF Board before being made eligible for your investments.

Using the chart selector below, you can plot CPF-OA and CPF-SA eligible funds against standard CPF-OA interest rates to see their growth potential over a period of time.

Well-diversified investments held for the long term can be rewarding

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Min and Max NAV figures shown have been adjusted for income and/or dividends. Performance comparisons with indices are in Singapore dollar terms. The performance figures are calculated using bid-to-bid prices, with any income or dividends reinvested for unit trusts and in SGD.

Why should you start now? What about next year?

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Power of Compounding

We’re sure you hear this a lot. But do you really know what it means?

It’s a snowballing effect where your earnings help you generate even more earnings. For example, if your investment return is 2% a year, this becomes:

1st Year

$1,000 + 2% = $1,020 (Earnings of $20)

2nd Year

$1,020 + 2% = $1,040.40 (Earnings of $20.40, $0.40 more than the previous year)

As such, this 2% isn’t stagnant, but continues to grow because of the compounding effect. The earlier you start, the greater this compounding effect will be.

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INVEST FOR THE LONG TERM

Having a longer time horizon allows you to take on investments with higher risks while riding out the short term fluctuations and volatility. This typically provides you with higher returns as well, so long as you remain well diversified.

As a long-term investor, time is on your side.