What happens to your retirement plan if you outlive your savings?

Govt

There should be streams of income still earning $$$ while on retirement like dividend interest etc

Rely on a multiple income streams: firstly, cpf life from FRS already helps a lot; secondly, partial withdrawal from investments monthly to fund retirement at a 2 percent withdrawal rate, thirdly, withdrawal from cpf oa. All these will be enough. When a person is old, material needs matter less. You do not need $10000 a month when you are old. You need friends and family and a healthy body more. And to be healthy you do not need $10000 a month.

Rely on a multiple income streams: firstly, cpf life from FRS already helps a lot; secondly, partial withdrawal from investments monthly to fund retirement at a 2 percent withdrawal rate, thirdly, withdrawal from cpf oa. All these will be enough. When a person is old, material needs matter less. You do not need $10000 a month when you are old. You need friends and family and a healthy body more. And to be healthy you do not need $10000 a month.