OCBC Life Goals

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Retirement Goal Calculator (In Retirement)
Let's understand your retirement needs
What is your current age?
AGE
When do you expect your retirement to last till?
AGE
How much would you need during retirement?
Monthly expenses
Such as food, utilities, transport, etc
RM
Yearly one time expenses
Such as holiday trips, home upgrades/maintenance
RM
What is your current monthly passive income, if any?
Annuity payments, rental income, allowance, pension, etc
RM
What is your current outstanding debt, if any?
Housing loan, personal loan, etc
RM
Do you have any health/medical insurance coverage?
Yes
No
What you have today?
Cash
Cash in your savings account and fixed deposits

AMOUNT

RM

ESTIMATED RETURN RATES

% p.a.
Investment
Current market value of your unit trusts, shares, etc

AMOUNT

RM

ESTIMATED RETURN RATES

% p.a.
Endowment
Value of your endowment plan upon maturity
If you can't remember the maturity value of your plan, you can also use amount you invested so far.

Can't remember?

AMOUNT

RM

ESTIMATED TIME TO MATURITY

YEARS
Employee Provident Fund (EPF)
The average historical dividend rate from year 2014-2018 is 6.38% p.a. This doesn't guarantee any future performance and the projected savings is a hypothetical figure. Actual savings in the future may differ under different circumstances.

Disclaimer

Current Balance

AMOUNT

RM

ESTIMATED RETURN RATES

% p.a.

You will need

for your retirement


● You can consider reviewing the completeness of your assets or expenses

How was this calculated?

Close
The following assumptions are used in the calculation of the Goal graph:
  1. General disclaimer: The Retirement Calculator is a generic tool for general information and does not analyse your financial position, investment objectives or individual needs in coming up with the results. You shall not rely on the Retirement Calculator results or on product recommendations by OCBC Bank officers to make any investment or financial decisions. Product recommendations must be independently evaluated by you taking into account your investment objectives, financial position and individual needs. The Retirement Calculator results and any product recommendation by OCBC Bank officers must not be regarded as financial planning or financial advice.
  2. The Retirement Calculator is designed to provide only a general illustration of the potential retirement cost. The amount shown includes the projected rate of return for variables such as inflation, investment growth and cash in hand. Actual numbers may vary depending on the economic conditions. The information and analysis provided by this calculator are based on various assumptions, which are subject to change at any time without notice. This does not provide any analysis on your financial position, investment objectives or individual needs as any advice for your financial planning.
  3. *Inflation Rate: The inflation rate is based on a 5-year average of Malaysia CPI (Consumer Price Index), 2014-2018 (Source: WEO (World Economic Outlook Database April 2019), updated as at April 2019).
  4. Your current assets: This is the sum of total assets after reducing any outstanding debt you may have.
  5. Your projected value of assets: This is the projected value of your total assets upon life expectancy age (When do you expect your retirement to last till?).
  6. Retirement funds needed: This is the estimated amount required to be able to sustain yourself throughout your retirement years. It is calculated based on inflation adjusted expenses.

● You should set aside

to ensure sufficient liquidity to fund your daily expenses

● You can invest

of your cash to grow your retirement fund

● You can optimise your cash of

with the OCBC Booster Account

Give your savings a boost when you combine it with your wealth.

As an example, if you maintain an account balance of RM30,000 and qualifies for the Wealth Bonus on the first RM50,000, the Effective Interest Rate for a 6-month period is 2.85% p.a.

Enjoy no lock-in period on your funds and MEPS fee waiver for the first 2 withdrawals every month.

Protected by PIDM up to RM250,000 for each depositor.

How to enjoy the wealth bonus

Enjoy the wealth bonus for 6 months when you invest in any new eligible wealth product from OCBC of at least:

Eligible Wealth Product Starting From
Regular Premium Insurance
 		RM6,000 for first year annual premium
Unit Trust Lump Sum Investment RM20,000
  • The wealth bonus is accorded for 6 months after either (i) the free look/cancellation period ends; or (ii) 14 days after the effective date of purchase, whichever is later. Effective date refers to the inception date of the insurance product and trade date of unit trust.
  • The wealth bonus will be paid on the first RM50,000 of your account's average daily balance. You will receive it by the 14th business day of the following month.
  • Minimum sales charge for eligible unit trust investments is 2.5%.
  • The wealth bonus and the 2 MEPS withdrawal fee waiver are promotional and valid until 31 December 2020.
  • If you qualify for the wealth bonus more than once in the same month, you will enjoy the wealth bonus from the effective date of purchase of the latest eligible wealth product.
  • You need to be the primary account holder of OCBC Booster Account as well as the policy owner of the eligible insurance product or primary account holder of the eligible investment product.
Please click here for more information

How was this calculated?

Close
  1. Liquidity: This is equivalent to 3 years of your retirement expenses if you have health/medical coverage, or 4 years of your retirement expenses if you don't have health/medical coverage.
  2. Disciplined manner: This is referring to investing in products such as endowment plan. The amount is calculated based on the current value of funds that you need to set aside to grow its value to achieve your surplus in the future (When do you expect your retirement to last till?). For example, if you are expected to have a surplus of RM50,000.00, the amount of funds that you need to set aside today to grow to achieve RM50,000.00 is RM30,000.00.
  3. Optimised returns: This is referring to investing in products such as unit trust funds. The amount is the estimated amount that you can invest for a shorter term. It is calculated based on the total cash that you can invest after deducting the amount you can invest in disciplined approach (if any).

You could have made these changes to your retirement

Choose your investment approach
In a disciplined manner
Products such as endowment plans to help you grow your investment in a disciplined manner.

RM [MAX]

Range of estimated annual rate of return
+2.3% p.a.
+4.43% p.a.
+6.0% p.a.
The estimated rate of return is based on a limited pay universal life endowment plan with 13 years coverage term.

Estimated returns may vary in accordance to different endowment plan.

Source

To optimise returns
Products such as unit trusts to provide you with potential capital and/or regular returns.

RM [MAX]

Range of estimated annual rate of return
-11.28% p.a.
+4.83% p.a.
+13.44% p.a.
Benchmark historical performance over the past 6 years (2013-2018)

Benchmark
60% MSCI ACWI
40% Barclays Global Bond Index
Source: Bloomberg

Source

Available cash for investment
You can invest in unit trusts to provide you with potential capital and/or regular returns.

RM [MAX]

Range of estimated annual rate of return
-11.28% p.a.
+4.83% p.a.
+13.44% p.a.
Benchmark historical performance over the past 6 years (2013-2018)

Benchmark
Bloomberg 60% MSCI ACWI
Bloomberg 40% Barclays Global Bond Index

Source: Bloomberg

Source

How was this calculated?

Close
The following assumptions are used in the calculation of the Goal graph:
  1. General disclaimer: The Retirement Calculator is a generic tool for general information and does not analyse your financial position, investment objectives or individual needs in coming up with the results. You shall not rely on the Retirement Calculator results or on product recommendations by OCBC Bank officers to make any investment or financial decisions. Product recommendations must be independently evaluated by you taking into account your investment objectives, financial position and individual needs. The Retirement Calculator results and any product recommendation by OCBC Bank officers must not be regarded as financial planning or financial advice.
  2. The Retirement Calculator is designed to provide only a general illustration of the potential retirement cost. The amount shown includes the projected rate of return for variables such as inflation, investment growth and cash in hand. Actual numbers may vary depending on the economic conditions. The information and analysis provided by this calculator are based on various assumptions, which are subject to change at any time without notice. This does not provide any analysis on your financial position, investment objectives or individual needs as any advice for your financial planning.
  3. *Inflation Rate: The inflation rate is based on a 5-year average of Malaysia CPI (Consumer Price Index), 2014-2018 (Source: WEO (World Economic Outlook Database April 2019), updated as at April 2019).
  4. Your current assets: This is the sum of total assets after reducing any outstanding debt you may have.
  5. Your projected value of assets: This is the projected value of your total assets upon life expectancy age (When do you expect your retirement to last till?).
  6. Retirement funds needed: This is the estimated amount required to be able to sustain yourself throughout your retirement years. It is calculated based on inflation adjusted expenses.
To ensure that the product you purchase meets your financial needs, our Personal Financial Consultant will perform a Financial Needs Analysis with you in order to help you make an informed decision.
Ready to put your investment approach into action?

Get us to call you

Investing can be complicated. Let us get in touch with you to help you get closer to your Life Goals.
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NRIC number (Customer)



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Save this report to access later
Provide us your NRIC for us to verify your identity during our meet up so we can retrieve this report. This report would help us understand your retirement needs and investment approach.
NRIC number (Customer)



Disclaimer:
The Retirement Calculator is a generic tool for general information and does not analyse your financial position, investment objectives or individual needs in coming up with the results. You shall not rely on the Retirement Calculator results or on product recommendations by OCBC Bank officers to make any investment or financial decisions. Product recommendations must be independently evaluated by you taking into account your investment objectives, financial position and individual needs. The Retirement Calculator results and any product recommendation by OCBC Bank officers must not be regarded as financial planning or financial advice.