According to a survey, more than 85% of the 800 respondents have severely underestimated their retirement needs – with funds that would at most only last them till they’re 78 years old. For reference, the average life expectancy of Singaporeans stands at 83.6 years, meaning that residents would have been unable to sustain themselves financially for 4.6 years. And in light of the global trend of increasing longevity, this issue appears set for exacerbation. What would happen if we all lived to 100? What adjustments will you need to make to fund your future? Estimate How Much You Need To Save For Retirement A longer life expectancy means you're going to have to re-calculate your retirement funds while making sure not to commit the common planning errors (e.g. underestimating and letting personal debt spiral). This is also an excellent opportunity to re-evaluate your current retirement plan. Do you still have t...