Are we really not contributing enough to our CPF?
Let's find out!
What is the recommended percentage of salary should one contribute to their retirement fund?

10% to 15%
This is the traditional wisdom towards how much of your monthly salary to contribute to your retirement egg nest.
If you are like most Singaporeans, your retirement egg nest is probably purely just the money you contributed into your CPF.
Like most Singaporeans, you probably use your whole Ordinary Account (OA) to fund your home purchase, and your MediSave Account (MA) can only be used for medical purposes.
As such, you probably are going to have only your Special Account (SA) to fund your retirement.
Hence your SA equals your retirement egg nest.

CPF Allocation Rates

Source: CPF
If we look at the CPF allocation rates above, we can see that for most of our working years, less than 10% of our monthly salary is contributed to our SA.
For those 35 years...