Quick Answer
In this worked example, retiring at 60 needs about S$2,351 a month in total contributions. That is about S$851 more than the current S$1,500. It assumes you are 35, have S$100,000 invested and want S$3,500 a month in today’s dollars. It also assumes 5% returns before retirement, 3% during it and 2% inflation. Your figure depends on your inputs.
The Useful Number: In this example, retiring at 60 needs about S$2,351 a month in total contributions—about S$851 more than the current plan.
What Life Do You Want Your Retirement To Fund?
A retirement target starts with spending: housing, food, transport, healthcare, family support and activities you want to keep. Keep one-off purchases apart.
Enter monthly spending in today’s dollars. The calculator raises it by inflation until retirement, then models yearly spending to the planning age you choose. That age is where the model stops, not a guess of how long you will live.
What Does Retiring At 60 Look Like?
Say you are 35, want to retire at 60 with money lasting to age 90, have S$100,000 invested, put in S$1,500 a month and want S$3,500 a month in today’s money. The example assumes 5% returns before retirement, 3% during it and 2% inflation: inputs you can change, not expected returns.
That spending becomes about S$5,742 a month at 60, needing a modelled fund of S$1,748,428. At the current pace you would have S$1,241,394, a gap of about S$507,034. Closing it takes S$2,351 a month in total, about S$851 more than now; the calculator’s headline rounds this up to S$852.
- Projected At Current Pace: S$1,241,394
- Gap To Close: S$507,034
- Fund Needed At 60: S$1,748,428
Data as of . Source: MoneySense — Determine Your Retirement Needs.
Try Your Numbers
Your Monthly Saving To Retire At 60
Uses the example’s retirement at 60, money lasting to age 90, 5% returns before retirement, 3% during it and 2% inflation.
Total Monthly Contribution Needed
S$2,351/mth
- More Than You Invest Now
- S$851/mth
- Fund Needed At 60
- S$1,748,428
Rough estimate. See the full tool for assumptions.
Which Assumptions Should You Test First?
Try a lower return, higher inflation or a longer retirement, one input at a time. Retiring later gives more years to save and fewer to fund, but changes your lifestyle plan.
The model compounds monthly contributions until retirement, then works out the lump sum needed to pay each year’s spending. It assumes smooth returns, so it does not show a market fall just as withdrawals begin, and leaves out fees, tax and irregular withdrawals.
How Should You Count CPF Alongside Your Investments?
This planner does not add CPF LIFE, rental income or other pensions, or apply CPF withdrawal rules. Do not enter a CPF balance as investments and then count its payouts again.
If you retire before CPF LIFE starts, plan for those years separately. The CPF LIFE guide explains the payout reference. Retiring early? Compare the FIRE Age Calculator.
Quick Check
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Card 1 Of 3
The planning age of 90 is the model’s guess of how long you will live.
Why?
The calculator raises today’s spending by inflation until retirement, then models yearly spending up to the planning age you choose. Try a longer retirement to test the result.
Card 2 Of 3
In the example, S$3,500 a month in today’s dollars becomes about S$5,742 a month at 60.
Why?
Making that spending last to age 90 needs a fund of about S$1,748,428. At the current pace you would have S$1,241,394, a gap of about S$507,034.
Card 3 Of 3
The retirement number already counts your CPF LIFE payouts.
Why?
Do not enter a CPF balance as investments and then count its payouts again. If you retire before CPF LIFE starts, plan for those years separately.
Your Score
Try It With Your Numbers
Open the calculator with this guide’s example filled in. Then change the numbers to match your situation.
Open Retirement Number Planner →Frequently Asked Questions
How Big A Fund Would I Need At 60?
In the worked example, S$3,500 a month in today’s dollars becomes about S$5,742 a month at 60, after 2% inflation.
Making that last to age 90 needs a fund of about S$1,748,428. At the current pace, you would have S$1,241,394. That is a gap of about S$507,034.
Does The Retirement Number Include CPF LIFE Payouts?
No.
The planner does not add CPF LIFE, rental income or other pensions for you. It also does not apply CPF rules on when you can take money out. Do not enter a CPF balance as investments and then count its future payouts again. If you retire before CPF LIFE starts, plan for those years separately.
Try Retirement Number Planner →Which Assumptions Change The Result The Most?
Returns, inflation and how long retirement lasts all matter.
Try a lower return, higher inflation or a longer retirement. Change one input at a time to see what drives the result. The model assumes smooth returns, so it does not show a market fall just as withdrawals begin. It does not separately model fees, tax or irregular withdrawals.
Does The Planning Age Mean How Long I Will Live?
No.
The final planning age is where the model stops. It is not a guess of how long you will live. The calculator raises today’s spending by your inflation rate until retirement. Then it models yearly spending up to the planning age you choose.
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Sources & Assumptions
Sources checked 11 September 2026. These are examples only. Check the stated assumptions and limits before you use a result.
Worked example from the site’s Retirement Number Planner, rounded to whole dollars. Returns and inflation are your own inputs. An on-track result does not mean retiring at that age is financially safe.