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Invest for retirement

Invest for retirement

Why plan for retirement?


Unforeseen medical expenses

Old age typically brings medical problems and increased healthcare expenses. Without your own nest egg, living out your golden years in comfort while also covering your medical expenses may turn out to be a burden too large to bear - especially if your health starts to deteriorate.


Helping your children and grand children

Part of your retirement savings may help contribute to your children or grandchildren's lives, be it through financing their education, passing on a portion of your nest egg or simply keeping sentimental assets, such as land or real estate, within the family.


Not to become a burden to your children

Once you cease earning, you will have to depend on your loved ones to cover any expenses that you will have to incur on yourself. If you have invested in a retirement plan you will receive an added income during your retirement to cover your expenses.


When should I start saving for retirement?

Ideally, you'd start saving for your retirement from your first salary itself. Sooner you begin saving, the more time your money has to grow. Each year's savings can generate its own interest in the next year which is known as compounding.

How much will I need?

It's a good idea to establish a savings target - one that tells you roughly how much you should set aside over time to meet your retirement goals.

There are several key tasks you need to complete before you can determine what size of nest egg you'll need in order to fund your retirement. These include the following:

  1. Decide the age at which you want to retire.

  2. Decide the annual income you'll need for your retirement years. It may be wise to estimate on the high end for this number. It's reasonable to assume you'll need about 80% of your current annual salary in order to maintain your standard of living.

  3. Add up the current market value of all your savings and investments.

  4. Determine a realistic annualized real rate of return (net of inflation) on your investments. Conservatively assume inflation will be 4% annually. A realistic rate of return would be 6-10%. Again, estimate on the low end to be on the safe side.

  5. If you have a company pension plan, obtain an estimate of its value.


Future Pensions Plan offered by Commercial Bank is an ideal product for you to plan your retirement.

Learn about Future Pensions Plan

Apply for a Future Pensions Plan

Who can open accounts

If you are a resident Sri Lankan aged between 18 – 65 years you can open an account.

What you need to bring 

National Identity Card, Driving License or Passport

How to apply

Download application form and submit the filled form to any Commercial Bank branch

Apply now