MyRetirement - Retirement Planning

My Retirement

Retirement Facts

Retirement Factors that can affect most retirement dreams

  • Life expectancy: An increasing average life expectancy^ means that your savings may have to stretch longer than you planned for it to last.

  • Inflation: Over the years, inflation can eat into your savings and what you have today may be worth a lot less in 10 years’ time.
  • Medical expenses: As you grow older, your medical expenses generally increase. With rising healthcare costs it can become increasingly difficult to protect your retirement funds.

^ Source: Department of Statistics Singapore, Complete Life Tables 2006 – 2010 for Singapore Resident Population

 

Back to top