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Retirement savings calculator

A state pension often is not enough to keep your standard of living. Savings of your own, even small ones, make a big difference if you start early.

Enter your age, when you want to retire, what you have and what you can add each month. We show your savings at retirement and how much you could draw from them each month.

How it's calculated

Savings grow each month at the real return, which is the return minus inflation. That keeps the result in today's money.
At retirement, the savings are paid out in equal monthly amounts over the years you choose. What is left keeps earning meanwhile.
State pensions, taxes and investment fees are not included.

An example

With HK$40,000 saved at 30 and HK$1,500 a month at a 4% real return, you reach HK$1,507,716.73 by 65. That pays HK$7,898.87 a month for 25 years.

Start at 40 with the same numbers and you reach HK$869,905.63. Ten years make a big difference.

Frequently asked questions

What is a real return?

It is what an investment earns after inflation. If an investment earns 7% and inflation is 3%, the real return is about 4%.

Does this replace my state pension?

No. These are your own savings on top of any state pension or workplace plan. To estimate your state pension, check with the agency in your country.

How much should I save for retirement?

There is no single number. A common rule of thumb is 10% to 15% of what you earn. The most important thing is to start as early as you can.

Key terms

Real return: What an investment earns above inflation.
Today's money: A future amount expressed as what it would buy today.

The same calculation in other countries

Up-to-date official data

We check the official sources automatically, every day.

See all sources

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