"The retirement picture for younger Singaporeans is relatively healthy," said Manpower Minister Tan Chuan-Jin. "Most Singaporeans who work regularly, and make prudent housing options, should have no worries building up a comfortable retirement nest egg within the CPF system." 

I don't know about you, but I spotted at least 3 assumptions here: Assumption 1: The cost of living will not rise.  However, given inflation rates, this is unlikely to happen. 40 years ago, you could get a plate of chicken rice for just 50 cents. That amount has risen by at least 400% today. Who's to say the price will remain the same 40 years from now on? He uses a conservative example of a $165,000 retirement sum to illustrate this point. But in reality, $165K may not be enough. Presuming a person retires at 65 and caps monthly spending to under $1,500 (including any debts, insurance or ......