๐ With ERS now at 4 times the Basic Retirement Sum (BRS), you could potentially receive significantly higher monthly payouts from CPF LIFE.
๐ฐ Starting payouts at 65: ~$3,300/month
๐ Delaying till 70: ~$4,400/month
๐ธ Crunching the numbers:
$4,400 ร 12 months รท ERS ($426,000 in 2025) compounded by 4% over 15 years โก๏ธ A juicy yield of ~6.9% annually, ensuring steady income for life!
โณ Considering Singaporeans' average life expectancy of ~83 years, that's a potential total payout of $686,400 during retirement! ๐ And remember, the longer you live, the more you profit. ๐ฅ
โ ๏ธ Keep in mind, CPF payouts aren't guaranteed and can fluctuate based on interest and mortality rates.
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