Quote:
Originally Posted by Unregistered
May I know if you are retired already? And if so or otherwise, how much does your CPF contributed towards your retirement funds/plan.
I have also hit my FRS. My current plan is to grow my CPF, top up MA/SA at the start of the year whenever they increase the limits to grow my CPF. I estimated that CPF will be more than a mil at 55 and I plan to leave the money in there, draw on the interest and CPF life to supplement my retirement income. I would estimate that I would be able to draw around 70K per annum from CPF life and CPF interest from age 65 to supplement my retirement funds outside CPF.
Appreciate anyone's input on this. |
Still working.
The
CPF is one of my three "pillars" in my retirement funding scenario. The other two are divideds from shares and rental from my investment property. And a small amount of FD which forms the emergency fund. This amount is one year's worth of expenses at $100k.
This is what our income sources (outside of work income) would look like :
Currently (age 58), combined passive income with wife
Dividends : $55k pa
Rental : $38k pa
CPF interest (OA & SA) : $48k pa (keep in
CPF to compound)
From age 62 to 64 (retired)
Dividends: ~ $55k pa
Rental : ~ $36k pa
SRS drawdown : $26k pa
CPF interest (OA & SA) : $50k pa
From age 65 to 71
Dividends: ~ $55k pa
Rental : ~ $36k pa
SRS drawdown : $26k pa
CPF interest (OA & SA) : $50k pa
CPF Life : ~ $40k pa
From age 72 onwards
Dividends: ~ $55k pa
Rental : ~ $36k pa
CPF interest (OA & SA) : $50k pa
CPF Life : ~ $40k pa