Personal Finance
Answering Singaporean’s Question: Is it possible to retire with S$0 savings in your bank account?
By Seedly  •  May 22, 2018

The topic of retiring comfortably in Singapore makes a really good icebreaker topic. As one ages, the frequency of retirement being discussed increases to a point where it becomes the only topic one can talk and think about.

A quick snapshot of Singaporeans’ main concern when it comes to retirement:

2 out of 3 Singaporeans fear that they will not have enough for retirement. From a survey conducted on 1,000 Singaporeans, here is the breakdown of their total asset allocation: 47% in cash, 26% in equities and bonds, 16% in insurance-linked investments and 7% in property.
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While most Singaporeans dream of retiring with a substantial balance in his bank account, allow us to offer you an even prettier picture for retirement.

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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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