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Children's education planner
Retirement Planner
v1

Plan

Children's education
Retirement
Set a goal Review goal
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Select your gender

What is your age?

At what age do you want to retire?

The current minimum retirement age is 62 under the Retirement and
Re-employment Act


Next

When do you want to retire?

The current retirement age is 62 years, according to the minimum retirement age under the Retirement and Re-employment Act.
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How much will you need to retire comfortably?
Let’s begin by estimating your monthly cashflow at retirement
Start
Expected monthly expenses at retirement
This may include food, utilities, travel, transportation etc. Enter in today's value and we will factor in inflation for you.
/ mth
Estimated CPF Life monthly payout
The below is the estimated payout from a Standard plan and a Retirement account savings of $176,000 at age 55 which is the Full retirement sum (FRS). For Singaporeans and Singapore PRs only. Please adjust the amount below after reviewing your personal circumstances here.
/ mth
Other expected monthly income when you retire
This may include rental income, allowance, payout from existing bonds.
/ mth
Calculate
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Help us create a profile
for your child.
My
is
years old
She is a
She wants to pursue her studies in
Create profile
Where would you like your child to study?
Singapore
Tuition fees in Year 2036
51,202 SGD
Today
41,000 SGD
Select
Australia
Tuition fees in Year 2036
365,342 SGD
Today
174,000 SGD
Select
United Kingdom
Tuition fees in Year 2036
765,847 SGD
Today
206,000 SGD
Select
USA (Private)
Tuition fees in Year 2036
881,271 SGD
Today
434,000 SGD
Select
USA (State)
Tuition fees in Year 2036
686,451 SGD
Today
340,000 SGD
Select
Canada
Tuition fees in Year 2036
310,788 SGD
Today
186,000 SGD
Select
New Zealand
Tuition fees in Year 2036
237,802 SGD
Today
146,000 SGD
Select
Back
Back Next

Congrats! You would have sufficient cashflow to meet
your retirement needs

Plan other goals
Based on your selection,
You will need SGD 1,041,600
for .
You may have set aside savings and investments for your retirement
Add
How these numbers are calculated
If you have already set aside some savings or investments for ,enter these details here. Else, click on next button
Next
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Congrats! You would have sufficient cashflow to meet
your retirement needs

Back Plan other goals

Your plan has been saved.

Download your plan
Plan other goals
02 Mar 2019 08:10 PM
Please keep this copy for reference

Children's education plan document

OCBC Life Goals – Children’s education

You have a shortfall of 626,875 SGD

Children's educationgoal

Your daughter/son education will cost 760,656 SGD in 17 years' time
Citizenship Citizenship
Degree type
Country

Declared savings and investments

Declared savings and investments set aside for Goal in SGD

Important notes

  1. The OCBC Education Planner is designed to illustrate potential future education costs based on information provided by you and does not consider your speci c investment objectives, nancial situation and particular needs. The illustration shall not be regarded as recommendation or advice by the Bank. The amount calculated is meant to illustrate combined tuition and living expenses based on the assumptions below. Actual cost may vary depending on economic conditions. The information and analysis provided by these tools are based on various assumptions, which are subject to change at any time without notice.Important notes
  2. You hereby con rm that you would like Oversea-Chinese Banking Corporation Limited and its related corporations (collectively, the "OCBC Group") to contact you about products and services (including without limitation insurance products) o ered by the OCBC Group via any of the above means.
Company registration number: 193200032W
Oversea-Chinese Banking Corporation Limited, 65 Chulia Street, OCBC Centre, Singapore 049513, Website: www.ocbc.com
After adding your savings and investments for retirement
You have a shortfall of
.
How these numbers are calculated
Try our Simulator to see how
you can reduce your shortfall.
Start
Back Start

Choose your investment approach

Grow your money slowly but surely.
More details
Range of return:
0
+2.5%
With a 95% probability based on forecasted performance
Products involved:
  • Endowment
Select
Take a balanced approach in growing your money.
More details
Range of return:
0
+19.4%
-8.0%
With a 95% probability based on forecasted performance
Products involved:
  • Endowment and Unit Trust
Select
Aim for higher returns, but take more risk.
More details
Range of return:
0
+29.5%
-14.4%
With a 95% probability based on forecasted performance
Products involved:
  • Unit Trust
Select
Back

Grow your money slowly but surely.

Invest in Endowment
Endowments help build a stable foundation.
Range of return:
0
+2.5%
With a 95% probability based on forecasted performance

Take a balanced approach in growing your money.

Invest in Endowment + Unit Trust

Endowments can help you build the stable foundation, and a unit trust portfolio adds flexibility and possibility to boost the return.

By combining these two products types, you can lower the risk while capitalising on market developments.

Range of return:
0
+19.4%
-8.0%
With a 95% probability based on forecasted performance

Aim for higher returns, but take more risk.

Invest in Unit Trust
A unit trust portfolio grants flexibility and possibility to boost return.
Range of return:
0
+29.5%
-14.4%
With a 95% probability based on forecasted performance

Decide on a simulation amount in SGD

For purpose of this simulation, this amount will be assumed to be invested into a portfolio at a growth rate of 5%

Lump sum amount
Regular amount
/ mth
Back Simulate

Choose a Unit Trust Portfolio

Balanced Portfolio
Range of return:
0
+15.9%
-7.2%
With a 95% probability based on forecasted performance
Select
Growth Portfolio
Range of return:
0
+29.5%
-14.5%
With a 95% probability based on forecasted performance
Select
Back
Based on this simulation,
Your shortfall could be reduced to
.
How these numbers are calculated
Back Next

You have seen the simulation of how an amount that you set aside
can help you reduce your gap.

If you are ready to build your goal, our staff can help conduct a financial needs analysis and recommend you suitable products.

Back Next

Enter product details to display revised projection

Unit Trust

Goal UT account number
Fund name Benchmark’s growth rate Invested amount Type
Add fund

Endowment

Name Premium amount Type
-
-

Protection product

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How these numbers are calculated
Back Next

Customer details

Name
Phone number
Email address
CASA account number
NRIC / Passport no.
Country of issue

Staff details

Staff ID
Disclaimer
Back Submit

Disclaimer

Provision of Contact details

By provision of your contact details, you consent for OCBC Bank to send Marketing messages related to the above content.

The information is intended for general circulation only. It does not consider the specific investment objectives, financial situation or needs of anyone. Before you make an investment, you should speak to a financial adviser who will assess whether the products are suitable to you based on your investment objectives, financial situation or needs. If you choose not to do so, you should consider if the investment product is suitable for you.

We are not making an offer, nor solicitation to buy or sell or subscribe for any security or financial instrument, enter into any transaction or participate in any trading or investment strategy with you through this document.

Congratulations on taking the first step!

We will contact you one year from now to review your goal.
Print your plan

Enter goal data

Paste

Enter the Unit trust details from the customer’s goal UT account no.

Purchased lump sum UT

Name Market value

Purchased regular UT (per month)

Name Investment amount
Add purchased regular UT
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Your retirement plan
  • Overview
  • Goal info
  • Portfolio details

How these numbers are calculated
Edit goal info
Retirement age
years old
Life expectancy age
years old

Expected monthly expenses at retirement

Category Amount
Food SGD / mth
Utilities SGD / mth
Travel SGD
/ mth
Others SGD / mth
Total expenses SGD / mth

Expected monthly income at retirement

Category Amount
Rental income SGD / mth
Allowance SGD / mth
Payout from existing SGD / mth
Others SGD / mth
Total income SGD / mth
Net proceeds from sale of property
SGD
Citizenship of child
Degree type
Country of study
Tuition fees in

Purchased lump sum UT

Name Market value (SGD) Growth rate

Purchased regular UT

Name Investment amount (SGD) Growth rate

Purchased lump sum endowments

Name Premium amount Years paid

Purchased regular endowments

Name Premium amount Years paid Years to go
Back
Save
Simulate a new investment to reduce your shortfall
Address your shortfall
Review completed

Thank you for reviewing your goal!

We will contact you one year from now to review your goal again.
Print your current plan
Ready to invest?

You have seen how a potential investment could reduce your shortfall

Save and download your plan

If you would like to keep a copy of the plan you made, please provide your details to us.

Save planner

Speak to us

If you would like to continue this conversation, leave us your contact details and our staff will reach out to you

Let us contact you

Explore more

View some solutions that may help you reduce your gap. These include our Unit Trust model portfolio and Endowment plan

View investment options
Back General disclaimer
Your details
Name
Last 4 characters of NRIC / Passport no.
Country of issue
Phone number
Email address
Save and download
Contact details
Name
Last 4 characters of NRIC / Passport no.
Country of issue
Phone number
Email address
Best time to contact you

We will get your RM to contact you

Unit Trust model portfolio
(for Balance risk profile)
  • Carefully customised by our wealth panel and advisors to suit your risk profile.
  • Diversified across asset classes, regions and sectors to spread risk.
  • Has Produced 4.08% return per annum since 30 September 2017.
Endowment plan
GREATLife Endowment Insurance
Multiply your returns while enjoying the flexibility to meet your changing life goals.
More details
Unit Trust disclaimer Endowment disclaimer
Endowment disclaimer
Endowment important information

Insurance product is provided by The Great Eastern Life Assurance Company Limited, a wholly-owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group. Insurance product is not a bank deposit and OCBC Bank does not guarantee or have any obligations in connection with it. You may want to seek advice from a financial adviser before committing to buy the product. If you choose to not seek advice from a financial adviser, you should consider if the product is suitable for you. Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high cost and the surrender value payable, if any, may be less than the total premiums paid.. This document is for general information only. It is not a contract of insurance or an offer to buy an insurance product or service. It is also not meant to provide any insurance or financial advice. The specific terms and conditions of the plan are set out in the policy documents. If you are interested in the insurance policy, you should read the product summary and policy illustration (available from us) before deciding whether to buy this product. We do not guarantee, represent or warrant that any of the information or to correct any inaccuracies. All information may change without notice. We will not be liable for any loss or damage arising directly or indirectly in connection with or as a result of you acting on the information in this document. This document may be translated into the Chinese language. If there is any difference between the English and Chinese versions, the English version will prevail.

How these numbers are calculated
The following assumptions are used in the calculation of the Goal graph:
Inflation rate

Inflation rate is based on a 10-year geometric average of the Singapore CPI.

Source: Statistics Singapore – Time series on CPI (2015=100) & Inflation Rate (Year 1980 to 2016)

Goal amount

This is the estimated amount required at retirement age to achieve your goal. It is calculated based on inflation adjusted expected expenses, net of expected income.

Investments

All investments (E.g. Endowments, Unit Trusts) are assumed to be liquated at start of retirement.

Regular endowments upon maturity are invested in lump sum endowments with similar rate of return. For Unit Trust, the dividends are assumed to be re-invested.

Savings /Investment growth rate

The following growth rates have been used for each of the below savings/ investment types

  • Lump sum cash & deposit: 0.33%
  • Monthly savings: 0.55%
  • Investments: 5%
  • Endowments: 2.5%
  • SRS: 0.05%
Projected value of savings / investments

This is the sum of the projected values of current value of savings / investments and regular savings / investments set aside for the goal using the respective growth rates.

General disclaimer on Cost

The OCBC Education Planner is designed to illustrate potential future education costs based on information provided by you and does not consider your specific investment objectives, financial situation and particular needs. The illustration shall not be regarded as recommendation or advice by the Bank. The amount calculated is meant to illustrate combined tuition and living expenses based on the assumptions below. Actual cost may vary depending on economic conditions. The information and analysis provided by these tools are based on various assumptions, which are subject to change at any time without notice.

Number of years to university

The age of university studies is assumed at 19 years old for girls and boys, except for Singaporean and Permanent Resident boys for whom the age of university studies is assumed at 21 years old due to 2 years of National Service commitment.

First-year average tuition cost

First-year average tuition cost is based on the average of latest first-year General and Medicine degree costs released by three sampled universities for each country:

  • USA (Private): Stanford University, Columbia University and the University of Pennsylvania.
  • USA (State): University of Michigan, University of Wisconsin-Madison and the University of California, Berkeley (General only).
  • Canada: University of Toronto, McGill University and the University of British Columbia (General only).
  • UK: University of Oxford, University of Cambridge and the Imperial College London.
  • Australia: University of Melbourne, University of Sydney and University of Queensland.
  • New Zealand: University of Auckland, University of Otago and Victoria University of Wellington (General only).
  • Singapore: National University of Singapore, Nanyang Technological University and Singapore Management University (General only).
Inflation rate

Inflation rate for tuition and living costs is based on 10-year geometric averages published by the statistics bureau for each country:

  • USA: Bureau of Labor Statistics CPI for Education and All, from 2006 - 2016.
  • Canada: Statistics Canada CPI for Education and All, from 2006 - 2016.
  • UK: Office for National Statistics data CPI for Education and All, from 2006 - 2016.
  • Australia: Australian Bureau of Statistics CPI for Education and All, from 2006 - 2016.
  • New Zealand: Statistics New Zealand CPI for Education and All, from 2006 - 2016.
  • Singapore: Yearbook of Statistics Singapore 2016 CPI Education & Stationery, Tuition Fees for Polytechnics & Local Universities, and All from 2006 - 2016. Statistics Singapore - Time Series on CPI (2015=100) & Inflation Rate (Year 1980 - 2016).
Foreign exchange rate basis

Based on average exchange rates published by www.oanda.com using interbank +1%, from 1 Jan 2016 to 1 Nov 2017.

Goal amount

This is the estimated amount required at start of university age. It is calculated based on inflation adjusted tuition costs and living costs.

Investments

All investments (E.g. Endowments, Unit Trusts) are assumed to be liquated at start of university.

Regular endowments upon maturity are assumed to be invested in lump sum endowments with similar rate of return. For Unit Trust, the dividends are assumed to be re-invested.

Savings /Investment growth rate

The following growth rates have been used for each of the below savings/ investment types

  • Lump sum cash & deposit: 0.33%
  • Monthly savings: 0.55%
  • Investments: 5%
  • Endowments: 2.5%
Projected value of savings / investments

This is the sum of the projected values of current value of savings / investments and regular savings / investments set aside for the goal using the respective growth rates.

General disclaimer
  1. The opinions or view expressed in this document are expressed by the third parties identified, and do not represent our view.
  2. This information is intended for general circulation only. It does not consider the specific investment objectives, financial situation or needs of anyone.
  3. Before you make an investmentl, you should speak to your OCBC Relationship Manager who will assess whether the products are suitable to you based on your investment objectives, financial situation or needs.
  4. If you choose not to do so, you should consider if the investment product is suitable for you.
  5. We are not making an offer, solicit to buy or sell or subscribe for any security or financial instrument, enter into any transaction or participate in any trading or investment strategy with you through this document.
  6. We do not guarantee the accuracy of this information at any time. All of the information here may change any time without notice.
  7. We are not responsible for any loss or damage arising from this information.
  8. Investment invovles risks. Past performance figures, predictions or projections are not neccessarily indicative of future or likely performance. Actual performance may differ from the projection in this document.
  9. Any reference to a company, financial product or asset class is used for illustrative purposes and does not represent our recommendation in any way.
  10. The information in this document must not be reproduced or shared without our written agreement.
  11. We may have alliances with product providers, for which we may receive a fee. Product providers may also receive fees from investors.
  12. We may have performed or will perform broking and other financial services for the product providers.
  13. We and our related corporations and their directors and officers may have or take positions in securities mentioned in this document.
  14. This advertisement has not been reviewed by the Monetary Authority of Singapore.
Unit Trust disclaimer
Unit trust important information

Any opinions or views of third parties expressed in this material are those of the third parties identified, and not those of OCBC Bank. The information provided herein is intended for general circulation and/or discussion purposes only. It does not take into account the specific investment objectives, financial situation or particular needs of any partifcular person. Before you make any investment decision, please seek advice from your OCBC Relationship Manager regarding the suitability of any investment product taking into account your specific investment objectives, financial situation or particular needs. In the event that you choose not to seek advice from your OCBC Relationship Manager, you should carefully consider whether the product is suitable for you. This does not constitute an offer or solicitation to buy or sell subscribe for any security or financial instrument or to enter into any transaction or to a participate in any particular trading or investment strategy.

A copy of the prospectus of each fund is available and may be obtained from the relevant fund manager or any of its approved distributors. Potential investors should read the prospectus for details on the relevant fund before deciding whether to subscribe for, or purchase units in this fund. The value of the units in this funds and the income accruing to the untis, if any, may fall or rise. Please refer to the propectus of the relevant fund for the name of the fund manager and the investment objectives of the fund.

OCBC Bank, its related companies, their respective directors and/or employees (collectively ‘Related Perons’) may have positions in, and may effect transaction in the products mentioned herein. OCBC Bank may have alliances with the product providers, for which OCBC Bank may receive a fee. Product providers may also be Related Persons, who may be receiving fees from investors. OCBC Bank and the Related Person may also perform or seek to perform broking and other financial services for the prodcut providers.

No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeless or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by OCBC Bank and it should not be relied upon as such. OCBC Bank does undertake an obligation to update information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OCBC Bank shall not be resonsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result or any person acting on any information provided herein. The information provided herein may contain projections or other forward-looking statements regarding future events or future performance or countries, assets, markets or companies. Actual events or results may differ materially. Past performance figures are not necessarily indicative of future or likely performance. Any reference to any specific company, financial prodcut or asset class in whatever way is used for illustrative purposes only and does not consitute a recommendation on the same.

The contents hereof may not be reproduced or disseminated in whole or in part without OCBC Bank’s written consent.

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