Base: S$3,000/mo (S$36,000/yr) in today's money · Inflation 2% p.a. · Expenses grown from current age (25) to each retirement year
Retirement Phase
Inflation-adjusted living expenses from retirement (age 55) to end of plan (age 83) — 28 years.
Total retirement spend
$2,529,603
age 55–83 · 28 years
SRS Withdrawal
Drawn down over 10 years from age 63. Only 50% of each withdrawal is taxable.
SRS pot at age 63
$113,304
Yearly withdrawal
$11,330
× 10 years
Tax per year
$0
taxable: $5,665/yr
Total from SRS after tax
$113,304
total tax: $0
Yearly after-tax withdrawal
$11,330
Annual expenses
S$3,000/mo today → inflated at 2% p.a. for 30+ years| Age | Years from now | Monthly expenses | Annual expenses | CPF LIFE income | SRS income | Withdrawal from investments | Investments balance | Shortfall |
|---|---|---|---|---|---|---|---|---|
| 55 | +30 | $5,434 | $65,209 | — | — | $65,209 | $2,017,820 | +$-0 |
| 56 | +31 | $5,543 | $66,513 | — | — | $66,513 | $2,001,427 | +$-0 |
| 57 | +32 | $5,654 | $67,843 | — | — | $67,843 | $2,931,649 | +$-0 |
| 58 | +33 | $5,767 | $69,200 | — | — | $69,200 | $2,935,400 | +$-0 |
| 59 | +34 | $5,882 | $70,584 | — | — | $70,584 | $2,937,855 | +$-0 |
| 60 | +35 | $6,000 | $71,996 | — | — | $71,996 | $2,938,952 | +$-0 |
| 61 | +36 | $6,120 | $73,436 | — | — | $73,436 | $2,938,630 | +$-0 |
| 62 | +37 | $6,242 | $74,905 | — | — | $74,905 | $2,936,824 | +$-0 |
| 63 | +38 | $6,367 | $76,403 | — | $11,330 | $65,072 | $2,933,467 | +$-0 |
| 64 | +39 | $6,494 | $77,931 | — | $11,330 | $66,600 | $2,940,105 | +$-0 |
| 65 | +40 | $6,624 | $79,489 | $42,659 | $11,330 | $25,500 | $2,945,342 | +$-0 |
| 66 | +41 | $6,757 | $81,079 | $42,659 | $11,330 | $27,090 | $2,992,838 | +$-0 |
| 67 | +42 | $6,892 | $82,701 | $42,659 | $11,330 | $28,711 | $3,039,893 | +$-0 |
| 68 | +43 | $7,030 | $84,355 | $42,659 | $11,330 | $30,365 | $3,086,461 | +$-0 |
| 69 | +44 | $7,170 | $86,042 | $42,659 | $11,330 | $32,052 | $3,132,498 | +$-0 |
| 70 | +45 | $7,314 | $87,763 | $42,659 | $11,330 | $33,773 | $3,177,957 | +$-0 |
| 71 | +46 | $7,460 | $89,518 | $42,659 | $11,330 | $35,528 | $3,222,789 | +$-0 |
| 72 | +47 | $7,609 | $91,308 | $42,659 | $11,330 | $37,319 | $3,266,942 | +$-0 |
| 73 | +48 | $7,761 | $93,135 | $42,659 | $11,330 | $39,145 | $3,310,364 | +$-0 |
| 74 | +49 | $7,916 | $94,997 | $42,659 | $11,330 | $41,008 | $3,353,000 | +$-0 |
| 75 | +50 | $8,075 | $96,897 | $42,659 | $11,330 | $42,907 | $3,394,792 | +$-0 |
| 76 | +51 | $8,236 | $98,835 | $42,659 | $11,330 | $44,845 | $3,435,682 | +$-0 |
| 77 | +52 | $8,401 | $100,812 | $42,659 | $11,330 | $46,822 | $3,475,607 | +$-0 |
| 78 | +53 | $8,569 | $102,828 | $42,659 | $11,330 | $48,838 | $3,514,505 | +$-0 |
| 79 | +54 | $8,740 | $104,885 | $42,659 | $11,330 | $50,895 | $3,552,308 | +$-0 |
| 80 | +55 | $8,915 | $106,982 | $42,659 | $11,330 | $52,993 | $3,588,949 | +$-0 |
| 81 | +56 | $9,093 | $109,122 | $42,659 | $11,330 | $55,132 | $3,624,355 | -$0 |
| 82 | +57 | $9,275 | $111,304 | $42,659 | $11,330 | $57,315 | $3,658,453 | -$0 |
| 83 | +58 | $9,461 | $113,530 | $42,659 | $11,330 | — | — | -$59,541 |