Retirement AmountOne of the misconception about saving is how long it can last once we retired.

Assuming no investment and just plain saving bank. See Table 1.

 

Table 1 : Without inflation adjustment

Above is a simulation without inflation. How will this impact me ?

Assuming 3.5% inflation rate, the monthly absolute amount increases as Table 2.

 

Table 2 : With inflation adjusted

So how long can my S$1M last actually ? See Table 3.

 

Just ¬†below 16 years. After that i am on my own …

For those who are curious on whatif Inflation hits 5%. The answer is 14 years.

That’s how long S$1,000,000 can last …