0%
Getting your simulator ready
Loading your progress
Free life simulator for Singapore Meet yourself at 45, 65 and 85.
Answer 6 quick questions. See how long your money lasts, and what happens to you and your family if illness, an accident or a job loss gets in the way.
You get 100 free Insight Coins = 1 free resultAnswer first. Sign up free at the end to see your result. Verify your phone and get 200.
Free. Your answers stay private to you, so a refresh will not lose them.
- The age your money runs outIf life goes to plan
- 7 life events, tested for youNo need to guess what could happen
- Exactly what you are missingHow much, and at what age
Free Singapore life simulator
What is the Life Simulator?
The Hing & Co Life Simulator is a free online tool for people in Singapore. You answer 6 quick questions about your age, pay, savings, CPF and current insurance. It then shows the age your money may run out, tests 7 common life events for you, and lists the cover you may be missing, in Singapore dollars.
How it works
Answer 6 quick questions
Tell us your age, when you want to stop working, your pay and spending, your savings and CPF, the people who depend on you, and the cover you already have. It takes about 60 seconds.
Meet your future self
See yourself at 45, 65 and 85, the age your money may run out, and your money year by year until age 95.
See your gaps
See what each life event would cost you, what your cover pays, and what is left for you to pay. If you have questions, you can book a free 15-minute chat with Kenneth.
8 situations the simulator tests for you
You do not need to guess what could happen. Each situation is tested at the age it is most likely to hurt, using the numbers below in today's dollars. You can change the age on the results page.
Normal retirement
Life goes to plan. We check if your savings and CPF LIFE payouts can pay for 80% of your current spending from the day you stop work until your likely lifespan.
Critical illness
A serious illness such as cancer, heart attack or stroke. We use a S$150,000 treatment bill plus 3 years off work.
Disability
You can no longer work. We count the pay you lose until retirement plus S$1,500 a month of care, less CareShield Life payouts.
Early death
We compare what you leave behind (savings plus life cover, less loans and final costs) with what your partner, children and parents need.
Big hospital stay
A major surgery or long hospital stay. We use a S$50,000 bill and check how much your hospital plan pays.
Serious accident
We use S$20,000 for the ward, S$5,000 for physio and clinic visits, and 3 months of lost pay.
Job loss
You lose your job and need time to find a new one. We check how long your cash lasts.
Living to 95
You live longer than expected. We check if your money still lasts to age 95.
Why most plans only cover today
Most people buy insurance for the life they have now. Then life moves on: a partner, children, a home loan, a higher pay or parents who need support. The cover stays the same while the need grows. The simulator looks forward, year by year until age 95, so you can see the gap before it matters.
In Singapore the biggest gap is critical illness. The LIA Singapore Protection Gap Study 2022 found that working adults hold only about 2.1 times their yearly pay in critical illness cover. The MAS Basic Financial Planning Guide suggests about 4 times.
Key numbers for Singapore in 2026
| What | Number | Source |
|---|---|---|
| Suggested life cover (death and total disability) | 9 times your yearly pay | MAS Basic Financial Planning Guide |
| Suggested critical illness cover | 4 times your yearly pay | MAS Basic Financial Planning Guide |
| Average critical illness cover per policyholder | about 2.1 times yearly pay | LIA Singapore Protection Gap Study 2022 |
| Critical illness protection gap in Singapore | 74% (S$579 billion) | LIA Singapore Protection Gap Study 2022 |
| Death protection gap in Singapore | 21% (S$373 billion) | LIA Singapore Protection Gap Study 2022 |
| Emergency cash to keep | 3 to 6 months of spending | MAS Basic Financial Planning Guide |
| CPF LIFE payout from 65 (Basic / Full / Enhanced Retirement Sum) | about S$950 / S$1,780 / S$3,440 a month | CPF Board, Standard Plan, 2026 |
| CareShield Life disability payout | S$689 a month (2026) | CPF Board |
Main assumptions
- All amounts are in Singapore dollars, in today's money.
- Savings grow 1.5% a year above inflation. You can change this from 0% to 4%.
- Pay and spending grow 1% a year until 55. After you stop work, you spend about 80% of what you spend today.
- Likely lifespan is 85 for men and 88 for women. We also test living to 95.
- Each child costs S$700 a month until 23, plus S$40,000 for university at 19.
- Cover you are not sure about counts as zero, so you see the worst case.
Questions people ask
Is the Life Simulator free?
Yes. The Hing & Co Life Simulator is free to use and you never pay. You answer the questions first, then sign up free with your phone number or Google to see your full result, including your money year by year and your cover gaps. Your first result is free, and you can get more free Insight Coins with a code from Kenneth or by inviting a friend.
Is my information saved?
Your answers are kept in a private save that only you can open, so a refresh does not lose them. When you sign up to see your result, we save your answers and your result to your account so you can open them again later. We only contact you if you tick the box that allows it, and you can withdraw that at any time.
How much insurance do I need in Singapore?
The MAS Basic Financial Planning Guide suggests life cover of about 9 times your yearly pay and critical illness cover of about 4 times your yearly pay. Your own need depends on your loans, savings and the people who depend on you. The simulator works out your own number from your answers.
How much life insurance coverage do I need?
A common starting point in Singapore is about 9 times your yearly pay, from the MAS Basic Financial Planning Guide. A better way is to add up what your family would need if you pass away, such as loans, children's costs until 23 and support for parents, then take away your savings. The simulator does this for you.
How much critical illness cover do I need?
The MAS Basic Financial Planning Guide suggests critical illness cover of about 4 times your yearly pay, so you can pay for treatment and live without pay for a few years. The simulator uses a S$150,000 treatment bill plus 3 years off work, then shows how much your cover pays and what is left for you to pay.
How much do I need to retire in Singapore?
MoneySense suggests planning for about two-thirds of your last pay each month after you retire, for 20 to 30 years. The simulator uses about 80% of what you spend today, adds your CPF LIFE payout from 65, and shows the age your money may run out. It also shows how much more to save each month to close the gap.
What is a protection gap?
A protection gap is the difference between the money you or your family would need if something bad happens and the money your insurance and savings would pay. The LIA Singapore Protection Gap Study 2022 found a 74% gap for critical illness and a 21% gap for death across working adults in Singapore.
How long will my money last after I retire?
It depends on your savings, your CPF LIFE payouts, your spending and how long you live. The simulator assumes you spend about 80% of today's spending after you retire, earn 1.5% a year above inflation, and live to 85 for men or 88 for women. It also tests living to 95.
How does the simulator include CPF LIFE?
If you pay CPF, you choose the Basic, Full or Enhanced Retirement Sum. The simulator then adds the CPF LIFE Standard Plan payout from age 65 published by CPF Board: about S$950, S$1,780 or S$3,440 a month. If you are not sure, it estimates a payout from your pay.
Most of my plans are already in place. Why should I check?
Many plans were bought for life as it was at the time. Marriage, children, a home loan, a pay rise or ageing parents can change what your family would need. The simulator tests future events, not just today, so you can see if your cover still fits.
Is this financial advice?
No. The Life Simulator gives estimates for learning only, based on the answers you enter and the assumptions shown on this page. It does not recommend any product. Check your policy documents and speak to an appropriately qualified professional before you make any decision.
Sources
- MAS: Basic Financial Planning Guide
- LIA Singapore: Protection Gap Study 2022
- CPF Board: CPF LIFE payouts and retirement sums
- CPF Board: CareShield Life monthly payout
- MoneySense: Assessing your insurance needs
Figures last reviewed on 5 October 2026. The Life Simulator by Hing & Co gives estimates for learning only. It is not financial advice and does not recommend any product. Want to change every detail yourself? Try the detailed planner.