It’s important to start saving as soon as you can. You should start saving for your retirement as soon as you start working. If you’re able to meet the annual savings amount specified by the calculator, then great! It sounds like you’re on track to retire the way you want. However, if you’re not quite reaching those targets, you’ll need to make some changes to your current lifestyle. So, what can be done?

There are a few ways to close the gap:

• Figure out if you can cut some expenses to increase your savings for your retirement 

• You could adjust the  lifestyle expectations of your retirement. Living a more simple life in retirement so that you’ll need a smaller amount of retirement money to maintain your lifestyle 

And you could boost your savings and investments:

• Placing more of my income every month into (good and safe) investments such as EPF that will lead to a decent return over time