Get ready for your retirement

What is your desired retirement lifestyle?

Many people in Hong Kong may not have sufficient savings for retirement. To plan ahead for a hassle-free retirement, you need to consider what lifestyle you expect to have and work out how much you should save to fund your retirement.

At HSBC, we’ve developed two new tools to help you plan and set targets for your retirement savings, estimate how much you can spend during the earlier and later stages of your retirement, and see if you will have enough to meet your retirement objectives.

 

Retirement Planning Calculator

Not retired yet? Use this calculator to estimate how much retirement savings you will need based on your retirement goals and dreams.

Retirement Planning Calculator

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Post-retirement Evaluation Tool

Already retired? Estimate how likely your retirement savings will be able to last based on your lifestyle and use this tool to plot a spending plan.

Post-retirement Evaluation Tool

Please use Chrome, Edge, Firefox or Safari for best user experience.

 

Planning for the future

Both of the two tools may assist you to:

Craft your living expenses plan according to the retirement lifestyle you have chosen (basic, modest, comfortable or affluent) or the specific lifestyle that suits your circumstances

Adjust your living expenses across different stages of your retirement – for example, spending more on leisure and entertainment when you are more active at the earlier retirement stage, and spending more on health care during the later stage

Choose personal retirement goals and dreams – for example, travel, leisure, health care and inheritance

Set your own investment profile to reflect your changes in investment risk appetite before and after your retirement.

Retirement Planning Calculator

Not retired yet? Your retirement may still be many years away, but planning for it now will help you save for a comfortable future. Use our calculator to work out how much you need to save. You can also download a copy of your results for easy reference.

Calculate my retirement savings target

Please use Chrome, Edge, Firefox or Safari for best user experience.

Setting your retirement savings target

Step 1

Enter your gender, age, expected retirement age and life expectancy. Estimate how long you would like your savings to last during retirement.

Step 2

Enter your existing retirement savings, your investment profile, and your expected sources of income after you retire.

Step 3

Select the lifestyle you expect to have in the earlier and later stages of retirement, and customise your expected living expenses.

Step 4

Highlight any other retirement goals and dreams.

Step 5

Enter the level of certainty that you want your retirement savings to last throughout retirement and provide your post-retirement investment profile. Market conditions may fluctuate and impact your savings. The more certainty you want, the more retirement savings are needed.

Step 6

View your monthly savings targets for you to bridge the saving gap to realise your desired retirement lifestyle (if any), based on the information you have provided.

The calculated retirement savings target is for illustrative purpose only.

You can use your savings target to plan more effectively for your retirement. To find out how we can help, please get in touch with our MPF specialists or book an appointment by calling our MPF Member Hotline on 3128 0128.

Post-retirement Evaluation Tool

Already retired? Whatever stage you are at in life, you may be wondering whether you have enough savings to support your retirement. Use the Post-retirement Evaluation Tool to monitor your retirement savings, and discover what you can do to make them last long enough for retirement. You can also download a copy of your results for easy reference.

Estimate whether my retirement savings will last

Please use Chrome, Edge, Firefox or Safari for best user experience.

Have a hassle-free retirement

Step 1

Enter your gender, age and life expectancy. Estimate how long you would like your retirement savings to last.

Step 2

Enter your existing retirement savings, your investment profile, and the sources of income you expect during retirement.

Step 3

Enter the level of certainty that you want your retirement savings to last throughout retirement. Market conditions may fluctuate and impact your savings. The more certainty you want, the more retirement savings are needed.

Step 4

Select the lifestyle you expect to have in the earlier and later stages of your retirement, and customise your expected living expenses.

Step 5

Highlight any other retirement goals and dreams.

Step 6

View the estimated level of certainty that your retirement savings will last throughout retirement, based on the information you have provided.

The estimated level of certainty is for illustration purposes only. It can be changed by adjusting your retirement lifestyle or dreams. We recommend you revisit your spending plan at least once a year, and whenever your circumstances change. To find out how we can help, please get in touch with our MPF specialists or book an appointment by calling our MPF Member Hotline on 3128 0128.