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A million dollars in CPF by 55 – Is it possible for the average Joe?
By Jeffrey Lee's Personal Finance Blog  •  September 30, 2020
You may have heard about 1M65, a movement by Mr Loo Cheng Chuan, or more commonly known as the"Mr CPF". 1M65 says that it is possible for a couple to achieve 1 million dollars together in their CPF by age 65, given certain conditions and the right actions. But is it possible for the ordinary man to achieve it alone by 65? or maybe even by 55? [UPDATE]: An earlier version of this blog post overlooked the fact that you can't transfer anymore funds from your CPF OA to CPF SA once the Full Retirement Sum (FRS) is reached. I have since corrected the error in this post and updated my calculations here to account for that. A big thank you to reader Oken for pointing that out to me! So 1M65, a movement made famous by ,Loo Cheng Chuan, or "Mr CPF". The term was coined after Loo discovered...
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By Jeffrey Lee's Personal Finance Blog
Hello there! I am Jeffrey and thanks for dropping by! This blog is a special project of mine and it is a place for me to pen down my thoughts and to share it with everyone, with a particular focus on documenting down my journey to attain financial independence before reaching the age of 40.
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