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                                                          Current Monthly Expenses

                                                          We apply a 70% replacement ratio for post-retirement spending as market consensus believes most people need approximately 70% of their current spending to maintain reasonable post-retirement living standards. Therefore, in this retirement calculator, “Monthly income required at retirement” equals to 70% of the “Current monthly expenses” regardless of inflation impact. “Current monthly expenses” is also used for calculating “Total required at retirement”, but not used for calculating “Total available at retirement”.

                                                          Annual Inflation Rate

                                                          3.12% per annum, based on the average composite consumer price index since 2017.

                                                          Source: BCT Financial Limited, Census and Statistics Department, data as of 31st Dec 2017

                                                          Expected annual MPF/ORSO return

                                                          The default return is based on the average of the 3-year annualized return of BCT’s constituent funds under respective risk category that matches the result of the questionnaire. If the result of the questionnaire is risk category 4, then the default return is the average of the 3-year annualized return of BCT’s constituent funds under risk category 4.

                                                          Life Expectancy

                                                          Life expectancy at birth for male in 2017: 81.5 years
                                                          Life expectancy at birth for female in 2017: 87.5 years

                                                          Source: Census and Statistics Department, data as of 30th September 2017

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