{"id":28024,"date":"2026-03-12T17:19:33","date_gmt":"2026-03-12T09:19:33","guid":{"rendered":"https:\/\/www.syfe.com\/magazine\/?p=28024"},"modified":"2026-04-09T16:59:40","modified_gmt":"2026-04-09T08:59:40","slug":"is-1m65-still-enough-for-retirement-in-singapore","status":"publish","type":"post","link":"https:\/\/www.syfe.com\/magazine\/is-1m65-still-enough-for-retirement-in-singapore\/","title":{"rendered":"Is 1M65 Still Enough for Retirement in Singapore?"},"content":{"rendered":"\n
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As life expectancy extends and cost of living rises, should Singaporeans plan for a more expensive and longer retirement? We explore the concept of retirement planning beyond 1M65.<\/h3>\n\n\n\n

For years, the concept of 1M65<\/a>\u2014accumulating S$1 million by the age of 65<\/strong>\u2014has been regarded as the benchmark for a comfortable retirement.<\/p>\n\n\n\n

The theory is straightforward: build up a seven-figure nest egg through disciplined saving and CPF optimisation to enjoy a comfortable retirement. Many saw this as the magic number that would pretty much guarantee financial freedom once achieved. <\/p>\n\n\n\n

However, the financial landscape has changed significantly from, say, a decade ago. Singaporeans are living longer, healthcare costs are rising<\/a>, and inflation continues to raise the cost of living.<\/p>\n\n\n\n

This raises a critical question: Is S$1 million still enough to retire in Singapore today?<\/strong> <\/p>\n\n\n\n

For many people, the answer may be no. As Syfe’s Senior Wealth Advisory Lead Jason Ang explains, \u201cS$1 million today is only about S$400K 30 years later, assuming a 3% inflation rate. With longer life expectancies, an investor should plan for various possibilities to allow them more options in life.\u201d <\/p>\n\n\n\n

That doesn\u2019t mean retirement is now unattainable, but that retirement planning today requires a broader strategy that combines CPF with diversified investments and long-term financial discipline.<\/p>\n\n\n\n

In this article, we explore what the 1M65 movement entails, why S$1 million may no longer be sufficient for retirement, and how Singaporeans can build a more resilient retirement portfolio.<\/p>\n\n\n\n

Table of Contents<\/h3>\n\n\n\n