Early retirement
Enter your pay and the share you save to see how many years until you can stop working.
Hover or tap a bar to see that year.
Show the figures for every year
How this is worked out
- The pot you need. Whatever you do not save, you spend. The pot is that yearly spending divided by the withdrawal rate.
- Saving more helps twice. The pot grows faster, and the target gets smaller because you live on less.
- What is assumed. Pay and spending stay the same in today’s money, and returns arrive evenly.
Counting CPF
- CPF is saving you already do. An employee aged 55 or under puts in 20% of their wage and the employer adds 17%. That is 37% of the wage saved before pay reaches the bank.
- Your true saving rate is higher. Saving nothing from take-home pay still saves about 32% of everything you earn (37 out of 117). Saving 30% of take-home pay saves about 52%.
- To count it. Choose “Employee, 55 or under” above.
- CPF is locked until 55. Only the part above your retirement sum can be withdrawn then. It cannot pay for the years before 55, so counting it makes the answer optimistic.
- CPF earns its own rates. 2.5% in the Ordinary Account and about 4% in the others, not the return entered here. Contribution rates apply up to the monthly wage ceiling and are lower above age 55.