Retirement Calculator

Calculate money needed for retirement

Personal Information

Tell us about yourself and your retirement goals

PH Average Life Expectancy is at 72 years old, but many Filipinos live well into their 80s and 90s. Planning for a longer retirement can help ensure you don't outlive your savings.

Financial Details

Enter your current savings and contribuition plans

The average annual return for a balanced investment portfolio in the Philippines is around 5-6%, and the average inflation rate is around 3-4%.

Retirement Projection

Your estimated retirement savings at age 65

Total Savings by Retirement Age (Lump Sum)

₱6,253,833.97

Monthly Allowance Available for Retirement Living Costs

₱49,454.92

Monthly Expenses (Average Inflation Adjusted)

₱128,647.79

Gap Between Monthly Allowance and Expenses (Inflation Adjusted)

₱79,192.87

Monthly Savings Needed to Close the Gap

₱8,814.74

⚠️ Warning: Your projected retirement income may not cover your expected expenses. You lack ₱79,192.87 per month to meet your retirement expenses. Consider increasing your savings, by approximately ₱8,814.74 monthly to meet your retirement goals.

💡 Tips for a Successful Retirement in the Philippines

  • • Start Early: The earlier you start saving, the more time your money has to grow through compound interest.
  • • Maximize SSS/GSIS: Contribute to your Social Security System or Government Service Insurance System benefits.
  • • Diversify Investments: Consider a mix of stocks, bonds, real estate, and other assets to balance risk and returns.
  • • Plan for Healthcare: Medical expenses can be significant in retirement. Consider PhilHealth and private health insurance.
  • • Consider Inflation: The cost of living will increase over time. Plan for expenses to be higher when you retire.
  • • Review Regularly: Update your retirement plan annually to account for changes in income, expenses, and goals.

Important Information

Contribution Rates

  • Employee share: 2.5% of monthly basic salary (half paid by employee, half by employer)
  • Employer share: 2.5% of monthly basic salary
  • Minimum monthly salary base: ₱10,000
  • Maximum monthly salary base: ₱100,000
  • For self-employed and voluntary members: full 5.0% contribution of monthly basic salary

Contribution Guidelines

  • Contributions are mandatory for all employed, self-employed, and voluntary members
  • PhilHealth contributions are remitted monthly
  • Salary-based contributions are subject to PhilHealth Circular updates
  • Late payments may incur penalties

Note: This calculator provides an estimate based on current PhilHealth contribution rates. For official computation and the latest updates, please visit the PhilHealth website or contact your nearest PhilHealth office.

Related Links & Resources

PhilHealth Official Website

Visit the official PhilHealth portal for more information

Contribution Table

View the complete PhilHealth contribution schedule

Member Portal

Access your PhilHealth account and contribution records online

Frequently Asked Questions

What is PhilHealth and why do I need to contribute?▼
PhilHealth is the national health insurance program of the Philippines that provides financial protection for health care services. Contributions ensure access to medical benefits for you and your family during hospitalization, surgery, and other health-related expenses.
How are PhilHealth contributions calculated?▼
For employed members, contributions are based on the monthly basic salary within the prescribed salary range. The total contribution rate is shared equally between the employee and the employer. Self-employed and voluntary members pay the full contribution rate of 5.0%.
When are PhilHealth contributions due?▼
For employed members, contributions are deducted from salaries and remitted by employers monthly. Self-employed and voluntary members should pay contributions directly to PhilHealth on or before the due date each month.
Can I pay my PhilHealth contributions online?▼
Yes, contributions can be paid through the PhilHealth website, accredited banks, payment centers, and e-wallet services. Online payment helps ensure timely posting to your account.
What happens if I miss PhilHealth contribution payments?▼
Late payments may incur penalties and could affect your eligibility for certain benefits. It is important to settle unpaid contributions promptly to maintain continuous coverage.
How do I check my PhilHealth contribution records?▼
You can view your contributions through the PhilHealth Member Portal. Simply log in to your account to see your posted contributions, total contributions to date, and other membership information.