Hi ,

If you want $4,000/month in today’s dollars for retirement…

Here’s how much you’ll actually need, depending on when you retire (assuming 3% inflation):

Shocking, right?

Even though retiring later means fewer years to fund, inflation makes the income you need higher.

That’s why no matter when you plan to retire, you’re still looking at around $1.6–1.7M in today’s dollars.

The real difference isn’t the lump sum, it’s whether you can save and invest enough before you hit your target age.

Quick & Simple Rules to Check Your Progress

Here are 3 easy calculations that can give you a quick snapshot of where you stand:

1. The 80% Rule

• You’ll need about 80% of your pre-retirement income once you stop working.
• Example: If your household income is $100,000, you’ll need $80,000 in retirement.
• Subtract CPF LIFE payouts (say $36,000). That leaves $44,000 per year.
• Multiply by 25 = $1.1M needed in savings.

2. “X” Times of Salary

• By age 30 → 1× your annual salary saved
• Age 40 → 3× salary
• Age 50 → 6× salary
• Age 60 → 8× salary
• Retirement (67) → 10× salary

3. The Savings Rate

• To replace 50% of income (CPF LIFE covers the rest):
• Start at 20 → save 9% of income annually (with a 40-year horizon).
• Start at 30 → save 17% per year (30-year horizon).
• 👉 The later you start, the more you need to save — a clear case for the power of compounding.
• 
  

If you’d like a more detailed and accurate way to calculate your retirement needs (including medical and long-term care costs), I’d be happy to help.

📩 Just hit reply with “Calculator”, and I’ll send you my Retirement Cashflow Calculator.

To your financial freedom,

Zest Chia

Executive Wealth Consultant | Associate Estate Planning Practitioner |

Licensed General Insurance Advisory

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