I was reading Dollars and Sense's article on Here’s What Your CPF Full Retirement Sum Might Look Like When You’re 55 and wondered how far I am from the required Full Retirement Sum. I am still playing catch-up with the Full Retirement Sum. Rightfully so since I am 36 years old in 2018 with 19 years to 55.
What am I expecting the CPF Full Retirement Sum to be in the year 2037?
We already know what the Singapore Government (or CPF Board) expects someone turning 55 to have until the year 2020 - S$181,000. However, I am only reaching 55 years old in the year 2037. According to the article, which I totally agree, the CPF Full Retirement Sum might range from S$244,000 - S$408,000 based on different increment estimates:
Based on 1.5% increment - S$244,000
Based on 3% increment - S$299,000
Based on 4.9% increment - S$408,000
My best guess for ......