Let’s start off with a short primer on SRS. The Supplementary Retirement Scheme (SRS) is a voluntary scheme to help us save up for retirement. In case you are unaware, the main selling point of SRS is its tax benefits. Contributions to SRS are eligible for tax relief and the annual SRS contribution cap is $15,300. Obviously, there are conditions attached to the withdrawals. Early withdrawals before retirement age will incur a 5% penalty and are 100% taxable. Withdrawals after the retirement age are taxable at 50% and can be withdrawn over a period of 10 years. P.S. If you are unfamiliar with SRS, you can check out this basic guide by SingSaver.  Why I Started Contributing To SRS Recently Working backwards, it would be optimal to have a $400k SRS portfolio at age 62 and then withdraw $40k each year without incurring any penalties or having to pay any taxes. Of course, I will not complain if the portfolio grows much bigger!...