Singaporeans must save $5,033 a month for 'comfy retirement'
That's a whopping 66% of their yearly wage.
According to HSBC's latest study Future of Retirement: A New Reality, in order to live comfortably during retirement, people in Singapore indicate that they will require 66% (or two-thirds) of their current annual household income which works out to be S$60,400 or S$5,033 per month.