After my post exploring if I managed to successfully secure a $1,110 monthly, inflation-adjusted income stream today when I reached CPF FRS, I was informed that there is a new CPF Retirement Income calculator for younger CPF members.
This calculator allows you to assess your current CPF SA monies and your future income contributions, how much income you can have at 65 years old, and what is the shortfall you need to top-up to reach your desired income.
How helpful is this calculator?
It greatly help what I was trying to do in the last article.
It can also help if you are a financial planner trying to calculate how much retirement income your client can have with CPF LIFE.
Let us go through the calculator.
CPF Retirement Income Planner
To create a personalized retirement income plan, go to this CPF Site.
You will need to log in to CPF using your SingPass....