Quote:
Originally Posted by lazyplane
Most likely the poster did the following :
flip property
or
trade shares
Or
(most likely case) - BLUFF lah...
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No reason for bluff. As previous poster has mentioned, based on the
CPF contribution limit, it is possible to achieve this amount.
Just consistent and diligent
CPF contributions and top ups. I also do transfer from OA to SA so that helps in compounding at higher interest rate. Below is my
CPF balance as of today. I have maxed out MA and almost hit FRS in SA. The reason that I have some amount in OA is to act as a buffer for my upcoming property purchase and I intend to transfer the OA funds to SA if I do not need it for my property (highly likely).
As an additional fun fact, I have attached my first
CPF contribution in Jun 2008
prior contribution was from my part time job in JC. Lol. Based on my projection, I should be able to reach 1mil
CPF by 50 (albeit a conservative estimate). Being able to reach such an amount like the previous poster is one of my retirement goals.
PS: I am a strong advocate of using
CPF for retirement planning. That being said, I think I have got some room to brush in terms of my portfolio as I am holding on to too much safe assets which may impede my portfolio growth.