Table of Contents
Is Singapore a great place to retire?
Among Asian countries, Singapore came in third for overall retirement security, behind Japan and South Korea, who took the 23rd and 24th spots respectively in the global ranking. None of the five Asian countries in the survey featured in the top 25 for quality of life.
Can foreigners retire in Singapore?
Singapore does not offer a retirement visa but there are means of obtaining a permanent resident permit. If you have worked in Singapore you can apply for permanent residency but this usually has a maximum application age of 50. Another route is to gain a long term residency permit through the EntrePass scheme.
How much money do you need to retire comfortably in Singapore?
According to a recent study, a single elderly retiree would need about S$1,421 per month for basic living expenses. Multiply that over 20 years and you’ll need S$331,000 in retirement savings if you were to retire at 62.
How long can a US citizen live in Singapore?
You do not need a visa for tourist or business visits up to 90 days. Visit the Embassy of Singapore website for the most current visa information.
What is the best retirement plan in Singapore?
| Best For | Our Pick |
|---|---|
| Best Retirement Plan for Disability Coverage | Aviva MyRetirement Choice (III) |
| Best Retirement Plan for Disability (Option 2) | NTUC Income Gro Retire Flex |
| Most Flexible Retirement Annuity Plan | Prudential PRUActive Retirement |
| Most Flexible Retirement Annuity Plan (Option 2) | Aviva MyRetirementChoice (III) |
What’s the retirement age in Singapore?
The retirement and re-employment ages in Singapore will be progressively raised to 65 and 70. Singapore will soon pass the Retirement and Re-Employment (Amendment) Bill 2021 and CPF (Amendment) Bill 2021 which will support older Singaporeans who want to continue working.
Is Singapore a nice place to live?
Singapore is a vibrant, multicultural city that makes it one of the most desirable places to live in Asia for expatriates. The city boasts a strong economy, is a safe place for children to grow up in and has excellent education and healthcare systems.