While looking through the government’s official data website, I chanced upon data about the CPF minimum sum. Since CPF is related to FIRE, I got curious about what the numbers will look like when I turn 55.

I’m also curious when will the minimum sum hit 1 million.

Here’s what happens in a nutshell. (More comprehensive information can be found on the CPF website.)

The Retirement Sum Scheme is set up so that Singaporeans and Permanent Residents (PRs) will have a monthly income enough for a basic retirement.

While working, Singaporeans and PRs contribute to our CPF, which is split between the Ordinary Account (OA), Special Account (SA) and Medisave Account (MA) (check out the exact split here).

When we turn 55, the Full Retirement Sum (FRS) is set aside from our OA and SA into our Retirement Account (RA). We also have the