Your estimated retirement funds can potentially fulfil your goals for a comfortable retired life.
You can consider PrimeGold Advantage or MaxRetirement to secure your future.
FUNDS Bonds Templeton Global Total Return LGI Short Duration Bond Fund (CPF) Templeton Global Bond Fund
Multi-Asset Schroder Global Multi Asset Income BGF Global Allocation First State Bridge (CPF)
Equities Aberdeen Global Opportunities (CPF) BGF Global Equity Income Schroder Asian Equity Yield (CPF) Aberdeen Pacific Equity (CPF) First State Dividend Advantage (CPF)
FUNDS Bonds Templeton Global Total Return LGI Short Duration Bond Fund (CPF) Templeton Global Bond Fund
Multi-Asset Schroder Global Multi Asset Income BGF Global Allocation First State Bridge (CPF)
Equities Aberdeen Global Opportunities (CPF) BGF Global Equity Income Schroder Asian Equity Yield (CPF) Aberdeen Pacific Equity (CPF) First State Dividend Advantage (CPF)
We have defaulted the retirement age at 62 years, according to the minimum retirement age under the Retirement and Re-employment Act.
You may wish to choose a retirement age that is realistic to your situation by replacing the value.
We base the number of years you may live in retirement on the average life expectancy in Singapore, which is
- 80 years for males - 85 years for females
You may wish to replace this value.
This figure refers to any source of income (eg. allowance from children) that you may receive upon retirement. It should exclude income from CPF Life, Annuities and other Financial Products.
CPF members are required to set aside a Minimum Sum to receive a monthly income for basic standard of living through CPF Life. The Minimum Sum is $155,000 for members turning 55 on or after 1 Jul 2014. Details can be found in CPF website http://mycpf.cpf.gov.sg/Members/home.htm
This figure represents the amount you expect to receive as cash after selling your investment property, eg if you investment property is worth $2,000,000 and your outstanding mortgage is $500,000; then the cash proceeds upon selling it would be $1,500,000 in cash. We assume that the $1,500,000 will be received at the year of your retirement, and the value of the property is based on today's price.
http://mycpf.cpf.gov.sg/Members/home.htm
This figure represents the amount you expect to receive as cash after selling your investment property, eg if you investment property is worth $2,000,000 and your outstanding mortgage is $500,000; then the cash proceeds upon selling it would be $1,500,000 in cash. We assume that the $1,500,000 will be received at the year of your retirement, and the value of the property is based on today's price.
FOR CPF MEMBERS WHO TURN 55 IN 2016:
BASIC SUM With a Basic Retirement Sum of $80,500 set aside for CPF LIFE, a Basic Payout of $650 to $700 per month can be attained for life from age 65. Only applies to members who own a property and have an adequate charge or pledge against it.
FULL SUM With a Full Retirement Sum of $161,000 set aside for CPF LIFE, a Full Payout of $1,200 to $1,300 per month can be attained for life from age 65. Only applies to members who do not own a property or who own a property but do not wish to pledge it.
ENHANCED SUM With an Enhanced Retirement Sum of $241,500 set aside, either through their CPF savings or through cash, for CPF LIFE, an Enhanced Payout of $1,750 to $1,900 per month can be attained for life from age 65.
There will be a review of the rate of adjustment in Retirement Sum
periodically to take into account more updated data on long-term inflation and retiree expenditures.
Details can be found in CPF website: https://mycpf.cpf.gov.sg/Members/Schemes
Lump sum investments refer to the amount of investments you have made for Financial Products such as Single or Regular Premium, Stocks & Shares Investments or Unit Trust.
We have defaulted the rate of return at 3% for Lump Sum investments.
Regular investments refer to the monthly amount you are setting aside for Financial Products such as Regular Premium or Monthly Investment Plan, from now up to your retirement age. We have defaulted the rate of return at 3% for Regular investments.
Please include Investments using CPF & SRS funds, if any.
Retirement Planner Assumptions
The following assumptions are used in the calculation of the Retirement Planner:
Inflation rate Inflation rate is based on a 10-year geometric average of the Singapore CPI. Source: Statistics Singapore - Time Series on CPI (2009=100) & Inflation Rate (Year 1980 to 2012)
Investment growth rate Based on individual risk profile, an average range of 2% - 7% is being used.
Cash rate of return Based on the average 12-months Fixed Deposit Rate from Jan 2003 to Dec 2012 (both dates inclusive). Source: MAS
Growth rate for regular and lump sum contributions Where applicable, a long term growth rate of 3% is assumed for regular and lump sum contributions in retirement.
General Disclaimers The OCBC Retirement Planner is designed to assist in financial planning and is for general reference only. Amount shown includes projected rates of return for variables such as inflation, investment growth and cash. Actual numbers may vary depending on economic conditions. The information and analysis provided by these tools are based on various assumptions, which are subject to change at any time without notice.
Insurance
Recommended
Alternative
MaxRetirement Flex
N.A.
MaxRetirement
PrimeGold Bonus 2
PremierLife Generation
Important Information
The information provided herein is intended for general circulation and/or discussion purposes only. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. Without prejudice to the generality of the foregoing, please seek advice from a financial adviser regarding the suitability of any investment product taking into account your specific investment objectives, financial situation or particular needs before you make a commitment to purchase the investment product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you. This does not constitute an offer or solicitation to buy or sell or subscribe for any security or financial instrument or to enter into a transaction or to participate in any particular trading or investment strategy.
This material is for general information only. It is not a contract of insurance. It does not constitute an offer to buy an insurance product or service. It is also not intended to provide any insurance or financial advice. The specific terms and conditions of the plan are set out in the policy documents. A person interested in the insurance policies should read the product summary and benefit illustration (available from OCBC Bank) before deciding whether to buy this product. No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by OCBC Bank and it should not be relied upon as such. OCBC Bank does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OCBC Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein.
Insurance policies will be underwritten by The Great Eastern Life Assurance Company or The Overseas Assurance Corporation Limited, each a wholly-owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group, and are not bank deposits or obligations of, or guaranteed by OCBC Bank. It is usually detrimental to replace an existing accident and health policy with a new one. A penalty may be imposed for early policy termination and the new policy may cost more or have less benefits at the same cost. Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid. Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs. If you decide that the policy is not suitable after purchasing it, you may terminate the policy in accordance with the free look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy. The specific terms and conditions of the plans are set out in the policy documents. A person interested in the insurance policies should read the product summary and benefit illustration where applicable (available from OCBC Bank) before deciding whether to buy the product.
Policy Owners' Protection Scheme: The insurance plans are protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or General Insurance Association (GIA) or SDIC websites (www.lia.org.sg or www.gia.org.sg or www.sdic.org.sg).
A copy of the prospectus of each fund is available and may be obtained from the relevant fund manager or any of its approved distributors. Potential investors should read the prospectus for details on the relevant fund before deciding whether to subscribe for, or purchase units in the fund. The value of the units in the funds and the income accruing to the units, if any, may fall or rise. Please refer to the prospectus of the relevant fund for the name of the fund manager and the investment objectives of the fund.
Insurance
Recommended
Alternative
MaxRetirement Flex
MaxGrowth Enhanced
MaxRetirement
PrimeGold Bonus 2
PremierLife Generation
Important Information
The information provided herein is intended for general circulation and/or discussion purposes only. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. Without prejudice to the generality of the foregoing, please seek advice from a financial adviser regarding the suitability of any investment product taking into account your specific investment objectives, financial situation or particular needs before you make a commitment to purchase the investment product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you. This does not constitute an offer or solicitation to buy or sell or subscribe for any security or financial instrument or to enter into a transaction or to participate in any particular trading or investment strategy.
This material is for general information only. It is not a contract of insurance. It does not constitute an offer to buy an insurance product or service. It is also not intended to provide any insurance or financial advice. The specific terms and conditions of the plan are set out in the policy documents. A person interested in the insurance policies should read the product summary and benefit illustration (available from OCBC Bank) before deciding whether to buy this product. No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by OCBC Bank and it should not be relied upon as such. OCBC Bank does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OCBC Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein.
Insurance policies will be underwritten by The Great Eastern Life Assurance Company or The Overseas Assurance Corporation Limited, each a wholly-owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group, and are not bank deposits or obligations of, or guaranteed by OCBC Bank. It is usually detrimental to replace an existing accident and health policy with a new one. A penalty may be imposed for early policy termination and the new policy may cost more or have less benefits at the same cost. Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid. Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs. If you decide that the policy is not suitable after purchasing it, you may terminate the policy in accordance with the free look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy. The specific terms and conditions of the plans are set out in the policy documents. A person interested in the insurance policies should read the product summary and benefit illustration where applicable (available from OCBC Bank) before deciding whether to buy the product.
Policy Owners' Protection Scheme: The insurance plans are protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or General Insurance Association (GIA) or SDIC websites (www.lia.org.sg or www.gia.org.sg or www.sdic.org.sg).
A copy of the prospectus of each fund is available and may be obtained from the relevant fund manager or any of its approved distributors. Potential investors should read the prospectus for details on the relevant fund before deciding whether to subscribe for, or purchase units in the fund. The value of the units in the funds and the income accruing to the units, if any, may fall or rise. Please refer to the prospectus of the relevant fund for the name of the fund manager and the investment objectives of the fund.
Investment
Asset Type
Allocation
Recommended Fund
Alternative Funds
Equity
30%
Fidelity Global Dividend
•
Blackrock Global Equity Income
•
First State Dividend Advantage (CPF)
•
Aberdeen Pacific Equity (CPF)
•
Schroder Asian Equity Yield (CPF)
Bond 1
25%
Templeton Global Total Return
•
Templeton Global Bond
•
Lion Global Asia Bond
Bond 2
25%
Lion Global Short Duration
Bond (CPF)
Multi-Assets
20%
Blackrock Global Multi Asset
Income
•
Blackrock Global Allocation
•
Schroder Multi Asset Income
•
First State Bridge (CPF)
•
Schroder Asian Income
Insurance
Recommended
Alternative
MaxRetirement Flex
MaxGrowth Enhanced
MaxRetirement
PrimeGold Bonus 2
PremierLife Generation
Important Information
The information provided herein is intended for general circulation and/or discussion purposes only. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. Without prejudice to the generality of the foregoing, please seek advice from a financial adviser regarding the suitability of any investment product taking into account your specific investment objectives, financial situation or particular needs before you make a commitment to purchase the investment product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you. This does not constitute an offer or solicitation to buy or sell or subscribe for any security or financial instrument or to enter into a transaction or to participate in any particular trading or investment strategy.
This material is for general information only. It is not a contract of insurance. It does not constitute an offer to buy an insurance product or service. It is also not intended to provide any insurance or financial advice. The specific terms and conditions of the plan are set out in the policy documents. A person interested in the insurance policies should read the product summary and benefit illustration (available from OCBC Bank) before deciding whether to buy this product. No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by OCBC Bank and it should not be relied upon as such. OCBC Bank does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OCBC Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein.
Insurance policies will be underwritten by The Great Eastern Life Assurance Company or The Overseas Assurance Corporation Limited, each a wholly-owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group, and are not bank deposits or obligations of, or guaranteed by OCBC Bank. It is usually detrimental to replace an existing accident and health policy with a new one. A penalty may be imposed for early policy termination and the new policy may cost more or have less benefits at the same cost. Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid. Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs. If you decide that the policy is not suitable after purchasing it, you may terminate the policy in accordance with the free look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy. The specific terms and conditions of the plans are set out in the policy documents. A person interested in the insurance policies should read the product summary and benefit illustration where applicable (available from OCBC Bank) before deciding whether to buy the product.
Policy Owners' Protection Scheme: The insurance plans are protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or General Insurance Association (GIA) or SDIC websites (www.lia.org.sg or www.gia.org.sg or www.sdic.org.sg).
A copy of the prospectus of each fund is available and may be obtained from the relevant fund manager or any of its approved distributors. Potential investors should read the prospectus for details on the relevant fund before deciding whether to subscribe for, or purchase units in the fund. The value of the units in the funds and the income accruing to the units, if any, may fall or rise. Please refer to the prospectus of the relevant fund for the name of the fund manager and the investment objectives of the fund.
Investment
Asset Type
Allocation
Recommended Fund
Alternative Funds
Equity 1
10%
Lion Global Singapore
Dividend Equity
•
Blackrock Global Equity Income
•
Aberdeen Global Opportunities (CPF)
•
Aberdeen Pacific Equity (CPF)
•
Schroder Asian Equity Yield (CPF)
Equity 2
20%
First State Dividend Advantage
(CPF)
Equity 3
30%
Fidelity Global Dividend
Bond 1
30%
Templeton Global Total Return
•
Templeton Global Bond
•
Lion Global Asia Bond
Bond 2
10%
Lion Global Short Duration
Bond (CPF)
Insurance
Recommended
Alternative
MaxRetirement Flex
MaxGrowth Enhanced
MaxRetirement
PrimeGold Bonus 2
PremierLife Generation
Important Information
The information provided herein is intended for general circulation and/or discussion purposes only. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. Without prejudice to the generality of the foregoing, please seek advice from a financial adviser regarding the suitability of any investment product taking into account your specific investment objectives, financial situation or particular needs before you make a commitment to purchase the investment product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you. This does not constitute an offer or solicitation to buy or sell or subscribe for any security or financial instrument or to enter into a transaction or to participate in any particular trading or investment strategy.
This material is for general information only. It is not a contract of insurance. It does not constitute an offer to buy an insurance product or service. It is also not intended to provide any insurance or financial advice. The specific terms and conditions of the plan are set out in the policy documents. A person interested in the insurance policies should read the product summary and benefit illustration (available from OCBC Bank) before deciding whether to buy this product. No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by OCBC Bank and it should not be relied upon as such. OCBC Bank does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OCBC Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein.
Insurance policies will be underwritten by The Great Eastern Life Assurance Company or The Overseas Assurance Corporation Limited, each a wholly-owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group, and are not bank deposits or obligations of, or guaranteed by OCBC Bank. It is usually detrimental to replace an existing accident and health policy with a new one. A penalty may be imposed for early policy termination and the new policy may cost more or have less benefits at the same cost. Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid. Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs. If you decide that the policy is not suitable after purchasing it, you may terminate the policy in accordance with the free look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy. The specific terms and conditions of the plans are set out in the policy documents. A person interested in the insurance policies should read the product summary and benefit illustration where applicable (available from OCBC Bank) before deciding whether to buy the product.
Policy Owners' Protection Scheme: The insurance plans are protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or General Insurance Association (GIA) or SDIC websites (www.lia.org.sg or www.gia.org.sg or www.sdic.org.sg).
A copy of the prospectus of each fund is available and may be obtained from the relevant fund manager or any of its approved distributors. Potential investors should read the prospectus for details on the relevant fund before deciding whether to subscribe for, or purchase units in the fund. The value of the units in the funds and the income accruing to the units, if any, may fall or rise. Please refer to the prospectus of the relevant fund for the name of the fund manager and the investment objectives of the fund.
FUNDS Bonds Templeton Global Total Return LGI Short Duration Bond Fund (CPF) Templeton Global Bond Fund
Multi-Asset Schroder Global Multi Asset Income BGF Global Allocation First State Bridge (CPF)
Equities Aberdeen Global Opportunities (CPF) BGF Global Equity Income Schroder Asian Equity Yield (CPF) Aberdeen Pacific Equity (CPF) First State Dividend Advantage (CPF)
FUNDS Bonds Templeton Global Total Return LGI Short Duration Bond Fund (CPF) Templeton Global Bond Fund
Multi-Asset Schroder Global Multi Asset Income BGF Global Allocation First State Bridge (CPF)
Equities Aberdeen Global Opportunities (CPF) BGF Global Equity Income Schroder Asian Equity Yield (CPF) Aberdeen Pacific Equity (CPF) First State Dividend Advantage (CPF)
FUNDS Bonds Templeton Global Total Return LGI Short Duration Bond Fund (CPF) Templeton Global Bond Fund
Multi-Asset Schroder Global Multi Asset Income BGF Global Allocation First State Bridge (CPF)
Equities Aberdeen Global Opportunities (CPF) BGF Global Equity Income Schroder Asian Equity Yield (CPF) Aberdeen Pacific Equity (CPF) First State Dividend Advantage (CPF)
FUNDS Bonds Templeton Global Total Return LGI Short Duration Bond Fund (CPF) Templeton Global Bond Fund
Multi-Asset Schroder Global Multi Asset Income BGF Global Allocation First State Bridge (CPF)
Equities Aberdeen Global Opportunities (CPF) BGF Global Equity Income Schroder Asian Equity Yield (CPF) Aberdeen Pacific Equity (CPF) First State Dividend Advantage (CPF)
