

DO YOU HAVE ENOUGH SAVINGS TO REACH YOUR GOAL?


Disclaimer This calculator is based on certain assumptions, including hypothetical data input by the user. It does not take into account individual needs or circumstances. Any information, data, calculations or projected results generated by this calculator are for reference and information purposes only. They are not intended as, and cannot be a substitute for, professional investment advice, and do not in any way constitute investment advice, guidance or recommendations by the MPFA. The calculations and projected results of this calculator may differ from those of other similar calculators because different assumptions are used.
One of the functions of this calculator is to project MPF accrued benefits. The projected results are for retirement planning reference only and to demonstrate the impact of different variables on the accrued benefits. The projected results are based on certain standardized assumptions, and other hypothetical data and individual variable(s) input by the user. The projected results do not represent, or warrant, the actual amount of MPF accrued benefits the user will receive at retirement. The actual amount of MPF benefits received by an MPF scheme member will depend on a number of factors, including the amount and duration of contributions of the MPF scheme member, the actual MPF investment returns, fees and charges paid, and other personal and external factors. The actual amount could therefore differ from the projected results of this calculator.
The MPFA gives no warranty (express or implied) as to the accuracy, reliability or completeness of any of the information, data, calculations or projected results generated by this calculator. The MPFA is not liable for any human or mechanical errors, or omissions in, or the reliability of, the calculations or projected results, and is not liable for the consequences of any decision or action taken on the basis of the information, data, calculations or projected results generated by this calculator.
cumulative savings
for retirement
$1,141,716
to meet your
retirement plan
$2,929,652
and data you have input:

- The retirement age is 65.
- The employer and the employee each contribute 5% of the employee's relevant income (i.e. 10% of the employee's relevant income in total). A self-employed person contributes 5% of relevant income.
- The amount of mandatory contributions made is subject to the existing statutory minimum and maximum levels of income, which are $7,100 and $30,000 per month, respectively. Both levels are adjusted automatically every four years according to the rate of inflation, as measured by the annualized Composite Consumer Price Index changes over the previous 10 years.
- An annual bonus, if any, is included in the relevant income of the last month of each year.
- The expected annual MPF investment return, which the user inputs, is the figure after fees have been deducted (i.e. net of fees and charges).
- Voluntary contributions (if any) are made as a percentage of the relevant income per month. There is no upper limit to the level of voluntary contributions, and all such contributions are fully vested.
- Special voluntary contributions (if any) are made in fixed dollar amounts.
- Mandatory contributions, voluntary contributions and special voluntary contributions are made on a monthly basis and will continue to be made until the age of 65.
- The existing MPF balance, as input by the user, is assumed to be fully vested.
- There are no offsetting long service payments / severance payments, no default contributions, no breaking of employment, and no early withdrawals during the projection period.