Retirement Planning

Retirement Planning

With people living longer, it’s never been more important to have a plan in place that will provide for a lengthy retirement as well as medical and long-term care costs. The earlier you start planning and saving for retirement, the easier it will be to create the retirement you want and deserve.

How much do you need to retire?

Establishing how much money you will need in each year of your retirement is the base of retirement planning. Our retirement calculator below will tell you the size of the retirement fund you will need to maintain your chosen lifestyle and indicate your current retirement shortfall.


This simplified calculator is intended to give an indication of two retirement factors:

  1. The size of pension fund required to enjoy your chosen standard of living at retirement
  2. The amount you will need to save on an annual basis to reach your retirement goals

To generate a shortfall retirement fund of $     in XX years

you need to save $     a year to reach your retirement fund goal in today's terms* 

*All examples in Platinum Financial Services Limited Retirement Calculator are hypothetical and for illustrative purposes only. This illustration is based on today’s monetary terms and does not assume any inflation or investment growth.

This calculator is designed to give you an approximate retirement shortfall and an indication of how much you need to save each year to meet your goals. Accordingly, the results are not intended to provide financial advice. We do not guarantee the accuracy of the results or their applicability to your individual circumstances.

How can you reach your retirement needs?

Once you know the size of your target retirement fund, you should explore different savings and investment options to help you build and achieve it. Nobody wants a situation whereby they outlive their retirement fund and have no income in the last few years of their life. A good tip is to have multiple assets working towards providing you with retirement income, such as savings accounts, more sophisticated investments or property investment.

There’s no time to waste

Each year you delay saving for retirement, the increase in the amount of money you need to save is double. It increases because you have 1 year less to save for retirement, and because you have now lost 1 year of (potential) returns.

How Platinum Financial Services can help

We want you to lead the happiest and fullest life in your retirement, which is why we are there to support and advise you on planning, budgeting, and choosing the right strategy to fund your retirement.

Protect Your Savings

In case of a sudden illness or accident, you don’t have to utilise your savings to pay the high price for medical treatment. Surgery and room costs in Hong Kong’s private hospitals can easily reach US$100,000 for major heart disease and cancer. This can be covered by the insurance plan, should you have coverage in place. Your savings should be used for their intended use, such as buying a home, funding your children’s education and retirement.

The cost of quality healthcare is at a premium. We have close partnerships with market-leading international healthcare insurance companies that offer sustainable products making sure that we can match the required level of cover to your budget.

We don’t charge you for our services, so premiums are the same as going directly to the insurance company. What you get is advice on the plan’s benefits and coverage limits that make sense to you and your financial situation.

Don’t leave your financial future to chance.

Contact Platinum Financial Services to help you through your financial journey.