As life expectancy extends and cost of living rises, should Singaporeans plan for a more expensive and longer retirement? We explore the concept of retirement planning beyond 1M65. For years, the concept of 1M65—accumulating S$1 million by the age of 65—has been regarded as the benchmark for a comfortable retirement. The theory is straightforward: build up a seven-figure nest egg through disciplined saving and CPF optimisation to enjoy a comfortable retirement. Many saw this as the magic number that would pretty much guarantee financial freedom once achieved. However, the financial landscape has changed significantly over the past decade. Singaporeans are living longer, healthcare costs are rising, and inflation continues to redefine the cost of living. This raises a critical question: Is S$1 million still enough to retire in Singapore today? For many people, the answer may be no. As Syfe’s Senior Wealth Advisory Lead Jason Ang explains, “S$1 million today is only about S$400K 30 years later, assuming a 3% inflation rate....