Philippine Retirement Calculator
Plan your retirement with SSS/GSIS pension projections and lifestyle-based planning. Calculate how much you need to save for comfortable retirement in the Philippines.
How to Plan Your Retirement
Enter Current Details
Input your age, monthly income, SSS/GSIS contributions, and existing retirement savings (₱0-5M+)
Set Retirement Goals
Choose target retirement age (55-65), desired lifestyle (Modest ₱30K, Comfortable ₱50K, Luxurious ₱100K/month)
View Projections
See SSS/GSIS pension estimates (₱10-50K), total retirement fund needed, and monthly income breakdown at retirement
Adjust & Save
Calculate monthly savings needed (₱5-30K), adjust lifestyle expectations, and create action plan to reach retirement goals
Pro Tips for Philippine Retirement
💼Understand SSS vs GSIS Pension
SSS (Private sector): ₱10,000-20,000/month for 30+ years contributions. GSIS (Government): ₱30,000-50,000/month with 15+ years service. Both require 120 qualifying months (10 years) minimum. SSS retirement age: 60-65. GSIS: 60 mandatory, 55 optional with reduced benefits.
🎯Target 25x Annual Expenses
Need ₱50K/month retirement income? That's ₱600K/year. Target ₱15M saved (25 x ₱600K). With 4% withdrawal rate, ₱15M generates ₱50K/month sustainably. If SSS gives ₱15K, you only need ₱10.5M saved (₱35K x 12 x 25 = ₱10.5M). Less if you have rental properties or business income.
🏠Pay Off House Before Retiring
Retiring with ₱20K/month mortgage = need ₱6M extra saved (₱20K x 12 x 25). Instead, finish house payments before retirement. If currently 40 years old with 20-year loan, you'll own house at 60. This reduces retirement budget needs by ₱240-300K annually (housing costs).
📊Provincial Living Reduces Costs
Metro Manila: ₱50-70K/month for comfortable retirement. Provinces (Iloilo, Dumaguete, Baguio): ₱30-40K/month same lifestyle. Retiring in provinces = need ₱3-5M less saved. Plus cleaner air, less traffic, lower stress. Many retirees move to Tagaytay, Baguio, Cebu, or Davao.
💰Multiple Income Streams
Don't rely on SSS/GSIS alone. Ideal retirement: ₱15K SSS + ₱10K rental property + ₱15K investment dividends + ₱10K part-time consulting = ₱50K/month. Diversified income = less worry about one source failing. Even small rental room (₱5-8K/month) significantly helps.
⚕️Health Insurance is Critical
PhilHealth alone isn't enough (max ₱100K coverage/year). Get private HMO or health insurance (₱30-60K annual premium age 60+). Single hospitalization without insurance = ₱200-500K can wipe out years of savings. Budget ₱3-5K/month for health insurance in retirement planning.
Who Uses Philippine Retirement Calculator?
Young Professionals (25-35)
Start retirement planning early, see compound interest magic, and calculate how much to save monthly to retire wealthy by 60.
Mid-Career (40-50)
Check if current savings pace will hit retirement goals, identify gaps, and adjust contributions or retirement age expectations.
Pre-Retirees (55-65)
Finalize retirement plans, calculate exact SSS/GSIS benefits, determine if savings are sufficient, and plan withdrawal strategies.
Frequently Asked Questions
Q: How much SSS pension will I receive when I retire?
A: Depends on your average monthly salary credit and years of contributions. Estimates: ₱30K salary for 30 years = ₱12-15K/month pension. ₱60K salary for 35 years = ₱18-22K/month. Maximum SSS pension 2025: ₱25,000/month. Formula includes base amount + years of service + dependents. Must have 120 qualifying months minimum. Retirement at 60 (full benefits) or 65 (optional with higher pension).
Q: What's a realistic monthly budget for retirement in the Philippines?
A: Modest: ₱25-35K/month (provinces, owned home, basic lifestyle). Comfortable: ₱40-60K/month (Metro Manila or provinces, travel 2x/year, dining out, hobbies). Luxurious: ₱80-120K+/month (premium condo, frequent travel, helper, car, country clubs). Includes: food, utilities, transportation, healthcare, entertainment. Excludes mortgage if house paid off. Provincial living can reduce costs 30-40% vs Metro Manila.
Q: How much should I save for retirement in the Philippines?
A: Use the 25x rule: Annual retirement expenses x 25. Want ₱50K/month (₱600K/year)? Need ₱15M saved. BUT subtract SSS/GSIS. If SSS gives ₱15K/month, you only need ₱35K from savings (₱420K/year x 25 = ₱10.5M). Age-based targets: Age 30: 1x salary saved. Age 40: 3x. Age 50: 6x. Age 60: 10x salary. Example: ₱60K/month salary (₱720K/year) at age 50 = need ₱4.3M saved.
Q: Can I retire early at 50 or 55 in the Philippines?
A: Possible but challenging. SSS retirement age: 60-65 (can't claim early). GSIS: 55 optional (reduced benefits). To retire at 50: need ₱10-20M saved to bridge 10-year gap before SSS/GSIS starts. That's ₱40-50K/month for 10 years from savings alone. Better strategy: Part-time work 50-60 (₱20-30K/month) + investments, then full retirement at 60 with SSS starting.
Q: What's the 4% withdrawal rule and does it work in the Philippines?
A: Withdraw 4% of retirement savings annually, adjusting for inflation, money lasts 30+ years. ₱10M savings x 4% = ₱400K/year = ₱33K/month. Works in Philippines IF invested in: PSEi index (8-12% long-term returns), dividend stocks (5-8% yield), or balanced funds (6-10%). Risk: Market crashes can force selling during downturns. Safer: 3-3.5% withdrawal rate or combine with SSS/rental income.
Q: Should I continue working past 60 or retire immediately?
A: Work 60-65 if: Savings below target (under ₱5M), enjoy your job, good health, want higher SSS pension (increases with delayed retirement). Retire at 60 if: ₱8M+ saved, health issues, stressful job, want to pursue hobbies/family time. Math: Working 60-65 adds ₱2-4M savings (5 years x ₱40-60K/month x 12 = ₱2.4-3.6M), PLUS 10-15% higher SSS benefits. Often worth the extra 5 years.
Q: What if I haven't saved anything and I'm 50 years old?
A: Not ideal but fixable. Aggressive plan: Save 30-40% income (₱20-30K/month) for 15 years = ₱6-10M by 65. Lifestyle adjustments: Move to provinces (lower retirement costs ₱30K vs ₱50K), pay off house aggressively (no mortgage in retirement), delay retirement to 65-67 (extra years = more savings + higher SSS). Income sources: Small rental property (₱5-10K/month), part-time consulting (₱15-20K), SSS (₱15K). Total: ₱35-45K/month is achievable.
Philippine Retirement Calculator
Plan your retirement with SSS/GSIS projections and lifestyle-based planning for Filipinos. Calculate retirement income, savings needs, and prepare for a comfortable future.
Retirement Planning Details
Plan Your Retirement
Enter your retirement details on the left to see projections and recommendations.
Philippine Retirement System
🏛️SSS (Social Security System)
🏛️GSIS (Gov't Service Insurance)
💼Private Retirement
Philippine Retirement Lifestyle Costs
Basic Lifestyle
per month
- • Basic housing and utilities
- • Simple meals and groceries
- • Public transportation
- • Basic healthcare coverage
Comfortable Lifestyle
per month
- • Better housing and amenities
- • Regular dining out
- • Own vehicle
- • Good healthcare and insurance
Luxury Lifestyle
per month
- • Premium housing and location
- • Fine dining and entertainment
- • Luxury travel and hobbies
- • Premium healthcare and services