WHEN CAN I RETIRE?

This calculator is developed by
Certified Financial Planners

CompleteRegistration - Beyond Insights

Step 1 of 5

20%
  • Step 1/3

    Tell us about yourself

  • Please enter a number from 0 to 99.
  • years old.

  • How much do you expect to spend during your retirement?

  • Includes food, utilities, medication, etc
  • Luxury
    050,000
  • Includes high-priced items such as TVs, festive expenses, holidays,
    renovations, car repairs, etc
  • Luxury
    0500,000

  • Please enter a number from 0 to 6.
  • Please enter a number from 0 to 20.
  • Additional expenses (optional)
    • Big Purchase 
    • Legacy planning

    • Contributions to charities
    • Amount left behind for family
  • Retirement Goal Calculator

  • Calculating...

  • To retire at your desired lifestyle,

    You will need

  • Retirement Goal Calculator

  • Let's see how ready you are
    for retirement

    • Step 2/3

      Tell us about your assets

      Retirement funds neededRM0
    • Please enter a number from 0 to 1000000000.
      Includes saving accounts, Fixed Deposits, and foreign currency deposits to date.
    • Please enter a number from 0 to 5.

    • Please enter a number from 0 to 1000000000.
      Includes ASB, Private Retirement Schemes, Unit Trusts, Diversified Asset
      Portfolios such as stocks, robo-advisors, ETFs, etc
    • Please enter a number from 0 to 20.

    • Plans for property
      After I retire, I will do nothing with my properties

      (As I could still be paying my mortgage & rent)

      • Please enter a number from 0 to 1000000000.
        Net profit is calculated after Real Property Gain Tax (RPGT),
        legal, and other fees.
      • Please enter a number from 0 to 1000000000.
        Net monthly rental after income tax and maintenance cost
    • Include the amount upon maturity of the insurance policy
    • Include balance from Account 1 and Account 2 of your EPF

    • Step 3/3

      Tell us about your financial habits

      Retirement funds neededRM0
    • Please enter a number from 0 to 100000.
      Before EPF, SOCSO, income tax, and other deductions

    • Money set aside monthly for savings and investments

      After deducting all monthly expenses

    • Please enter a number from 0 to 1000000000.
    • Please enter a number from 0 to 1000000000.

  • Congratulations,

    Your projected value of assets at your desired retirement age
    exceed expectations, you can

    retire comfortably
    at the age of 45 years.

    Unless you would like to keep working which is totally fine. Good job!

    I WANT TO RECALCULATE
  • To retire with your desired lifestyle

    at the age of XX years,
    you need to save an extra of

    RM2,916

    in cash savings per month

    or

    RM1,566

    in investments per month

    or else,

    Based on your current savings pattern, you may have to

    delay retirement to when you are 70 years old

    I WANT TO RECALCULATE

Don't worry, we are here to help you!
Check out our retirement financial planning readings

Check out our retirement financial planning readings

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Frequently Asked Questions

I’m having trouble making a payment, what do I do?

No worries, these things happen. Every successful transaction with RinggitPlus Advance will be followed by a confirmation email from RinggitPlus. If you did not get that email, simply place your order again or drop us an email at [email protected]

Your fees are much lower compared to other CFPs. Why are you charging so much less than other CFPs?

As a FinTech company, we adopt tech automation to reduce the time spent by our CFPs on data collection and analysis. This allows us to offer our consultation at a very affordable fee compared to the rest of the market. Based on the benchmark against 27 certified financial planners in Kuala Lumpur listed on Smartfinance.my ranging from RM 500 – RM 10,000 in fees, RinggitPlus Advance is up to 83% cheaper.

Finally, we conduct our consultation entirely online and thus optimising our operational efficiency and reducing the cost of travelling and logistics.

I’m scared of revealing my personal finance information. Will my data be protected?

Yes, we are compliant to Personal Data Protection Act (PDPA) requirements and hence will ensure the information and documents provided by our clients are kept private and confidential.

Moreover, we use appropriate technical, organisational, and cybersecurity measures to protect stored personal data against manipulation, partial or total loss, and unauthorised access by third parties. Our security measures are continually upgraded as technology advances.

Are RinggitPlus CFPs independent and won’t push products to me during the consultation?

Our CFPs are licensed and regulated by the Securities Commission (SC). They’re required to fulfil guidelines and standards issued by the SC and the fiduciary duty to act in your best interest.

Therefore, their goal is to improve your financial standing by offering objective and independent advice and recommendation. 

While we receive a small referral incentive from a few issuers, this does not impact the CFP’s assessment, evaluation, and recommendation. The recommendations are given based on your financial needs and goals. You have the right to choose the products you’re comfortable with.  

Feel free to ask our CFPs to disclose the companies we’re partnered with before making your decision.

How will my RinggitPlus Financial Planner help me with my finances?

A Certified Financial Planner can help you in 4 key areas of your personal financial planning: 

  1. Check your current financial position and the areas that can be improved
  2. Identify, understand, and analyse your financial challenges, goals, gaps, and opportunities
  3. Build a financial game plan to help you achieve your financial goals systematically and effectively
  4. Propose strategies to execute your financial plan tailored to your current situation
How do I know when I need a financial planner?

Generally, everyone needs financial planning services to get a review of their financial standing, identify areas of improvement and undertake actions to reduce costly financial losses.

  • From our experience, the most common scenarios that prompt our clients to consult our CFPs are:
  • I got married recently and we need help managing our finances as a couple
  • I am earning a decent salary and now I have some spare money to look for investment opportunities to further grow my money 
  • My parents are getting older and we need help managing our finances
  • I started investing and would like to have professional help in making good decisions that’ll help with my future finances
  • I want to plan for my retirement and ensure that I’m on the right track
I have a question not covered in this section

Feel free to reach out to us with any other questions at [email protected]

Our clients' results speak for itself

Results

Our proposed budgeting plans help secure RM2,000+* extra monthly savings

*Based on the average monthly savings of 33 customers
Our tailored investment strategies help gain an average of RM4,000+* additional annual returns

*Based on 5% additional return on total assets of RM3 million for 33 customers
Our insurance plan recommendations for our clients help save them an average of RM300+* monthly

*Based on the 20% discount on insurance and takaful premium for 33 customers
Our recommended debt repayment plans help our clients settle 100%* of their debts

*Based on debt repayment plan proposed for 2 of 33 customers with debt issues

Not sure which plan is right for you?

Get in touch with us! We’ll be available to chat on weekdays (10am – 7pm).

Feel free to ask any questions about the plans and we’ll reply within 1 working day.

Frequently Asked Questions

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