Samuel is currently 55 years old and aims to retire at 65 years old. To maintain a fulfilling lifestyle, Samuel has outlined his financial needs and goals for the next few decades. His retirement plan includes provisions for essential expenses and ensures financial stability throughout his golden years. Retirement Income Needs Upon retirement at 65 years old, Samuel plans essential monthly spending of $4,000 for the first 10 years. This amount covers non-negotiable expenses such as food, transportation, bills, and insurance premiums. Additionally, Samuel wishes to allocate some of this budget for travel. At age 75, Samuel intends to slow down his lifestyle. As a result, he projects his monthly spending will reduce to $2,500 for the next 15 years, until he reaches 90 years old. Thereafter, Samuel is comfortable relying on his CPF LIFE payouts and drawing down his savings. Current CPF Balances To plan for a reliable income stream, Samuel has the following CPF balances:

• Ordinary Account: $323,462
• Retirement Account: $213,000
• MediSave Account: $75,500

Additionally, he has cash savings of $500,000....