Retirement may feel far away to you, a distant possibility that will likely materialise only in your 60s or later. After all, Singapore is raising its retirement and re-employment ages to 65 and 70 respectively by 2030. Before that arrives, you’ve got bills to pay and loans to cover. But when exactly should you start looking ahead to retirement, and how do you ensure you’ll have enough of a nest egg to live off by then? We consider how to prepare for your golden years. What will your money be worth? A major factor to consider when anticipating your retirement is inflation. It guarantees that your present cost of living will be higher in the future. On average, Singapore experiences an inflation rate of around 1–2% each year, while global inflation ranges from 2–3%. However, how much inflation will affect you depends on how you want to live after retirement. If you’re gunning for a more luxurious retirement...