An article in the newspapers on one person's goal to have $1m in his CPF account by age 65 generated quite a bit of interest.
I commented on my FB wall that not everyone has the financial ability to do what the person does but it shouldn't stop us from trying. Even if we should just do a fraction of what he does, I am sure we will be financially more secure in future.
After reading the article, I decided to estimate what I might have in my CPF account by age 65.
The estimate will ignore the effect of the extra 1% interest on first $60K of our CPF savings as well as the additional 1% interest on the first $30K once we reach 55 years of age. Of course, I am also ignoring the possibility that interest rates for our savings in the CPF could change in future......