Personal Finance
Playing catch-up with CPF Full Retirement Sum
By Retirement Noob  •  April 8, 2018
I was reading Dollars and Sense's article on Here’s What Your CPF Full Retirement Sum Might Look Like When You’re 55 and wondered how far I am from the required Full Retirement Sum. I am still playing catch-up with the Full Retirement Sum. Rightfully so since I am 36 years old in 2018 with 19 years to 55. What am I expecting the CPF Full Retirement Sum to be in the year 2037? We already know what the Singapore Government (or CPF Board) expects someone turning 55 to have until the year 2020 - S$181,000. However, I am only reaching 55 years old in the year 2037. According to the article, which I totally agree, the CPF Full Retirement Sum might range from S$244,000 - S$408,000 based on different increment estimates: Based on 1.5% increment - S$244,000 Based on 3% increment - S$299,000 Based on 4.9% increment - S$408,000 My best guess for ......
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By Retirement Noob
This blog is all about my journey towards my goal for retirement. Living in Singapore has its merit, but it comes at a price of worrying about our retirement. My ultimate goal is to build passive income which will allow me to retain my lifestyle even after I have retired. This blog will hopefully document the growth of my investment portfolio and share with others that it is possible to be a Millionaire with a middle-income salary.
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