Assumptions
The calculator is designed based on below assumptions
1. Current Age is based on 01/01/YYYY as your date of birth
2. Retirement Age is based on 01/01/YYYY as retirement date
3. Bonus and Increment is not incorporated in the calculation
4. Inflation rate is based on user input and fix for each of the year
5. All below value is derived based on 2 decimal points and value will be round up to nearest 0.01
- Amount (with inflation) - under Total Savings Needed
- Amount (with inflation) - under Desired Monthly Retirement Income
- Total Savings Needed
- Desired monthly retirement income as retirement age based on inflation rate
6. Fund estimated is based on Brunei Dollar currency
Calculator Disclaimer
These online calculators are made available and meant to be used as a screening tool for the member.
The accuracy of these calculations is not guaranteed nor is its applicability to your individual circumstances.
For further information, please contact TAP call center at 2382929.
Calculator Definition
The variables used in our online calculator are defined in detail below, including how to interpret the results.
|
Variable |
Definition |
| Current Age (years) | This is your current age in years |
| Retirement Age (years) | This is your expected retirement age in years |
| Desired monthly retirement income (in today's dollars) (BND) | This is your desired monthly retirement income, stated in BND |
| Retirement income should last for (years) | This is number of years you expect the retirement income to last |
| Inflation Rate (%) | This is the expected inflation rate |
| Retirement Year | This is the year you expect to retire based on the retirement age and current age you specify |
| Total Savings Needed (BND) | This is the calculated total saving needed at retirement age, stated in BND |
| Desired monthly retirement income as of retirement age based on inflation rate (BND) | This is the calculated desired monthly retirement income at your retirement age adjusted for inflation, stated in BND |
