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As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down

Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Saturday, 22 August 2020

Retiring in Comfort in Singapore - Replacement Income

Read? Retiring in Comfort - An SGX and Oliver Wyman paper on retirement savings

Singaporeans face a retirement challenge – how to ensure a desirable lifestyle post retirement
without overreliance on external sources. Historically, many retired Singaporeans have relied on
their children as the main source of financial support. However, shifting demographics due to
increases in life expectancy and low birth rates put limitations on the extent to which this model is
sustainable. It is therefore paramount that Singaporeans can adequately plan, save and invest for

The CPF plays a central role in addressing this challenge and has established a mandatory
retirement saving scheme for Singaporeans, bringing together employers and employees to
contribute up to 36% of income into the scheme for retirement, housing and healthcare purposes.

According to the analysis used in this paper, the average Singaporean in full time employment
today can expect an income replacement ratio (expected post retirement income vs. pre-retirement income) of around 68%. This is within the range recommended by the World Bank and comparable to those seen in OECD countries. However, some Singaporeans may aspire to a higher replacement ratio. This can be achieved through both increasing savings rates and/or targeting
higher rates of return on these savings.

Case study of Uncle8888's Replacement Income vs Average Singaporean of 68%

Yearly Household Expenses

Read? Historical Lowest Annual Household Expenses Was Bad For Health Or Life Threatening Environment!!!

Replacement Income : CPF, Investment Income and Mini freelance income (Ad hoc)

Average replacement income over 4 years = 66%

Average pre-retirement yearly household expenses since 2002 = 58%

Average post-retirement yearly household expenses over 4 years = 54%



    i think to hear from "common Ang Mohs who were and are in China is ëye-opening and heart warming."

    i mean what is real compare to what is from TRUMP & Cronies.

  2. So, shall we invest in China Stock Exchange?

    Can we?


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