In the past month, as part of the CPF policy changes, I have been making some changes to incorporate the new policy changes but also looking at whether some improvements can be made to our internal CPF Projector.
The most challenging part is to estimate the CPF LIFE Standard income that we may get given a certain amount of money we successfully accumulated in our CPF LIFE.
We all had to rely on the CPF LIFE Estimator to see the projected income. The estimator only works for those who are turning 55 years old recently, and if we are much younger, the estimator doesn’t work.
I decide to tabulate for a 55 and 56-year-old, given a different sum in their CPF RA at 65, what is the income recommended.
We take the CPF LIFE Standard income paid out at 65 (y-axis) and plot that against the capital in CPF RA accumulated at 65, we get a chart like this:...