Retirement Savings Plan - FAQs
you too young to plan for retirement?
The biggest ally you have in your goal to reach
that hefty sum for retirement is time. The sooner you start the
much is enough for the future?
It's simple really. Just note down how much you are spending currently,
to estimate your future expenses. Plan how you would like to live
during retirement, and set aside a required amount of funds, capturing
changes in expenditures. That's planning with a defined goal in
mind. You can also plan on a monthly contribution based on your
savings and intended investment period.
Use our online calculator.
for how much time do I need to invest in this Plan?
You can choose a Plan from as short a span of 3 years, all the
way to a comprehensive 20 year Plan. It all depends on your plan,
objective and age. If you plan to retire in another 10 years you
can begin today and use the power of compounding to make comfortable
retirement a reality.
how do I create a plan to make our retirement life really comfortable?
Your Relationship Manager will help you create a plan to meet your
Here's an example to show you how it works. In order to achieve
a goal saving of $500,000 in 20-years from now, you would need
a monthly investment of $800 p.m., at an assumed rate of return
of 7%. This also takes into account an assumed saving of $20,000
Your Current Age
|Age at Retirement
|Current Investments valued at
|Savings at Retirement Age
|Assumed Rate of Return
|Required Monthly Investment
makes Citibank® Retirement Savings Plan unique?
day FREE trial period
to top up your regular monthly investment plan with lump-sum amounts
as and when you have surplus funds to invest.
can shift your funds from one profile to another FREE of cost up
to 3 times a year, after the initial three year period.
there any added benefits to this Plan?
You will receive Personal Accident Insurance Cover for yourself depending
on the monthly contribution, from ALICO-Family Guard*.
the Citibank® Retirement Savings Plan has lower charges than most
long-term investment plans, thereby making your money work harder
for you. Only 5% of your monthly contribution is used towards the
Plan charges. (A fee of 5% of the total 3 year contribution amount
up to a maximum of $500 would be imposed for all cancellations, within
the first 3 years of the plan).
Family Guard Cover
Accident Insurance Cover
Click here to start a
Citibank® Retirement Savings Plan today.