Goal-Based Retirement Planning

How much do you need?

Fidelity’s Hong Kong head Cheng Kim-wai: basic retirement needs two-thirds (67%) of pre-retirement pay; a richer lifestyle needs 85%+. Start by estimating retirement spending, check if your MPF will cover it, and top up with voluntary contributions if not.

When to start?

The earlier the better — compounding does the heavy lifting. A HK$20,000 earner starting at 30 gets HK$5,700 monthly for 20 years post-65; adding HK$500 voluntary monthly boosts it further. Start planning on MPF fund comparison.