Retirement Planner - Input

I am years old.

18

65

Back

Research has shown that, on average, people of a working age start saving for retirement when they are 32.

Source: 2016 HSBC report, ‘The Future of Retirement: Generations and journeys’

At what age would you like to retire?

50

75

On average, people of a working age expect to retire when they are 63.

Source: 2017 HSBC Survey Report, ‘The Future of Retirement: Shifting sands’

At today’s prices, how much monthly income will you need while retired?

(We’ll apply inflation at a rate of 2.04% a year.)

HKD

1,000

500,000

Regular monthly expenses for retired individuals differ, depending on their chosen lifestyles:

Basic lifestyle* HKD7,270
Modest lifestyle^ HKD11,755
Comfortable lifestyle^ HKD22,395
Affluent lifestyle^ HKD39,660

*assumed living in public housing

^assumed living in a private flat with no mortgage

Source: HSBC Retirement Monitor September 2021

What’s the total amount you’ve saved and/or invested towards retirement?

HKD

0

50,000,000

Make sure you only include long-term savings, investments and MPF you’re not planning to access before you retire.

How much you would put aside for retirement saving on a monthly basis? (that may include your voluntary and/or mandatory MPF or pensions contribution)

HKD

0

500,000

Only 37% of working age people think they’ll be financially comfortable in retirement, according to an HSBC survey. Saving and investing more, and starting earlier, could help.

Source: 2017 HSBC Survey Report, ‘The Future of Retirement: Shifting sands’

Tell us how you feel about risk by selecting one of the options below.

Secure
Very cautious
Cautious
Balanced
Adventurous
Speculative

Secure

You generally do not want to take any investment risk, since you can accept no investment loss.

Very cautious

You are generally comfortable with achieving minimal level of return potential on your investment coupled with minimal risks.

Cautious

You are generally comfortable with achieving a low level of return potential on your investment coupled with a low level of risk.

Balanced

You are generally comfortable with achieving a moderate level of return potential on your investment coupled with a moderate level of risk.

Adventurous

You are generally comfortable with achieving a high level of return potential on your investment coupled with high level of risk.

Speculative

You are generally comfortable with maximizing your return potential on investment coupled with maximized risk.

We'll assume that your retirement funds are invested at the risk level you select.