of your goal
has been met
Retirement Savings Calculator
Will you have enough savings set aside for your retirement?
Use our retirement savings calculator to see how much you will need to save for retirement.
See how making adjustments to your various retirement income sources can help you meet your retirement savings goals.
TELL US ABOUT YOURSELF:
years old
years old
years
YOUR RETIREMENT EXPENSE DETAILS:
HK$
75%
Your retirement savings goal:
$1,743,721
Your projected savings:
$1,166,484
Information:You still need to save:You have a surplus of:
$577,237
You've got some more savings to do. You are recommended to make more contributions on your retirement savings or invest/save more via other vehicles in order to reach your retirement savings goal.
You’re almost there! You are recommended to make more contributions on your retirement savings or invest/save more via other vehicles in order to reach your retirement savings goal.
Your savings are right on track! Looks like you are on track to reach your retirement savings goal.
Find ways to save more - please contact us.
EXPLORE YOUR RETIREMENT SAVINGS:
Now try adjusting some numbers below to see the difference.
Retirement savings comparison
Your retirement savings goal: $2,775,597
Congratulations! You’ve reached your retirement savings goal and have a surplus of $X.
| Category: | Initial value: | Adjusted value: |
|---|---|---|
| Pension contributions (e.g. MPF/ORSO contributions): | ||
| lnvestment/ saving vehicle 1: | ||
| lnvestment/ saving vehicle 2: | ||
| Expected total monthly retirement expenses: |
Expected years of retirement: 25 years
Important Notes
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The Retirement Savings Calculator (the "Calculator") is based on certain assumptions including the hypothetical data input by the user. The results provided by the Calculator are for reference only and are not intended as and cannot be a substitute for professional investment advice, and do not in any way constitute investment advice, guidance or recommendations by Sun Life Hong Kong Limited ("Sun Life"). The calculations and projected results of this calculator may differ from those of other similar calculators because different assumptions are used.
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You should consider your own risk tolerance level and financial circumstances before making any investment and saving choices. When, in your selection of investment/saving products, you are in doubt as to whether a certain investment/saving product is suitable for you (including whether it is consistent with your investment/saving objectives), you should seek independent financial and/or professional advice and choose the investment/saving product(s) most suitable for you taking into account your circumstances.
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Sun Life gives no warranty (express or implied) as to the accuracy, reliability or completeness of any of the information, data, calculations or projected results generated by the Calculator. Sun Life is not liable for any human or mechanical errors, or omissions in, or the reliability of, the calculations or projected results, and is not liable for the consequences of any decision or action taken on the basis of the information, data, calculations or projected results generated by the Calculator.
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Data input into to the Calculator will not be stored in or provided to any planning tools or calculators of Sun Life for future use.
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Investment involves risks and past performance is not indicative of future performance. Investment return may rise as well as fall.
Assumptions
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Assumption 1.
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Annuity plan
In general, an annuity plan is a financial product that pays out a fixed stream of payments to an individual, primarily used as an income stream for retirees. Annuities are created and sold by financial institutions, which accept and invest funds from individuals and then, upon annuitization, issue a stream of payments at a later point in time.
There are different types of annuity plan in the market, such as HKMCA Annuity Plan launched by HKMC Annuity Limited, a wholly-owned by The Hong Kong Mortgage Corporation Limited, in 2018.
Inflation rate
According to the Census and Statistics Department from the HKSAR Government, the underlying inflation rate for the year of 2017 was recorded on an average of 1.7%.
Source: Census and Statistics Department, HKSAR Government.
Investment/saving vehicle
An investment/saving vehicle is a product used by investors with the intention of gaining positive returns. Investment vehicles can be low risk, such as saving account, time deposit, certificates of deposit (CD) or bonds, or carry a greater degree of risk such as with stocks, options and futures. Other types of investment vehicles include mutual funds and exchange-traded funds (ETFs).
Investment/saving vehicle
An investment/saving vehicle is a product used by investors with the intention of gaining positive returns. Investment vehicles can be low risk, such as saving account, time deposit, certificates of deposit (CD) or bonds, or carry a greater degree of risk such as with stocks, options and futures. Other types of investment vehicles include mutual funds and exchange-traded funds (ETFs).
Monthly salary (before MPF/ORSO contribution)
Refers to total monthly salary before making Mandatory Provident Fund contribution.
Post-retirement investment/savings
In general, investors may change their investment/saving strategy upon retirement. For example, retirees may prefer relatively more conservative investments, such as time deposit and bonds, etc. which may deliver relatively lower investment returns.
Total regular contribution until retirement age
Refers to the all regular MPF contributions until retirement age made by your employer and you. It may include mandatory contributions and voluntary contributions (if applicable).
Total regular contribution until retirement age
Refers to the all regular MPF contributions until retirement age made by your employer and you. It may include mandatory contributions and voluntary contributions (if applicable).
