Personal Finance
CPF Balances Update – One year of a Journey
By Theory of Constraints  •  September 3, 2020
One year on in my Full Retirement Sum journey for my CPF SA, I decided to look back and see how far I have came about. I could still remember the day I decided to take the plunge and transferred 30 grand from my CPF OA to SA. It was a one-way trip. The subsequent monthly transfers and top-ups were less stressful as I had a goal to commit to – the Full Retirement Sum (FRS) of $181,000 at least for FY2020. From 41.9% when I first started in Jul 19, I am currently 60.0% to my goal in Aug 20. Staying on course (hopefully) to reach my goal in 2 years time.
Month SA Balance Delta
Jul 19 $43,185.04 NA
Jul 19 $75,849.09 Transferred OA to SA
Aug 19 $77,589.13 $1,740.04
Sep 19 $79,778.09 $2,188.96
Oct 19 $82,222.09 $2,444.00
Nov 19 $84,562.09 $2,340.00
Dec 19 $89,763.09 $5,201.00
Jan 20 $96,990.09 $7,227.00
Feb 20 $98,214.04 $1,223.95
Mar 20 $103,063.50 $4,849.46
Apr 20 $104,527.67 $1,464.17
May 20 $105,792.58 $1,264.91
Jun 20 $107,057.49 $1,264.91
Jul 20 $108,000.40 $942.91
Aug 20 $108,600.41 $600.01
...
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By Theory of Constraints
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