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 ......