I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

Click to email CW8888 or Email ID : jacobng1@gmail.com

Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Wednesday, 5 June 2019

I Can Depend On CPF For Passive Income Upon Reaching 65 In 2021 To 85 in 2041

Upon reaching 65 in Oct 2021; Uncle8888 can depend on his CPF for passive income with draw-down strategy to spend all his CPF money starting from $60K and factoring 2.5% yearly inflation to $100K in 2041 @ 85 years old.

Read? 1M65 CPF OA Possible Or Not???


  1. I will turn 65@2030. I plan to start off with $1m @55. Let the interest compound and draw down @65. What do you think?

    1. Good idea. With fixed income as draw-down, we can sleep better through market and economic cycles and can also focus on investing with less emotional fear

  2. This only on plan.

    Baring any serious/major health problem minor no sweat, I don't see why U need to spenddown so much.

    1. Ants are like that. Planning and sometime too much

  3. But my wife still have CPFIS.

    AND i don't think it is necessary to close down and withdraw all money from CPF unless Banks FD is much more higher than 2.5 % OA's rate.

    1. Not necessary to close cpfis as dividends from cpfis can be withdraw from cod is when necessary while earning 2.5% interest rate

  4. I kaypo here...

    1. With fully paid flat and no more children tuition fee, why you need so much ($5K) for living expenses as compare recent benchmark of $1.38K or $2.76K for 2 pax?


    1. Without owning a car, most senior citizens can survive decently with less than $5K. Re-schedule meal time and groceries for discount.

  5. Congrats Uncle8888!

    Pretty sure you already computed your CPF drawdown back in 2015! ;)

    For your RA payout, it's based on MSS?

    I suppose CPFLife (Basic plan) may be smaller amount, although it will be for life.

  6. i never like CPF Life too.

    But after delay until 67, i found CPF LIFE's monthly payment is higher than if i remain on MSS.

    And it is for life.

    What do U think i did?

    But my wife remains on MSS got higher payment than CPF LIFE even delay until now.

    Even projection until 70 years old, compulsory withdrawal age, MSS still beats CPF LIFE.

    Why like that?

    i suppose CPF LIFE actuary's calculations base on statistics show woman lives much more longer than man.

    So my wife will definitely be on MSS comes 70 years old.

    Why like that?

    How many years different of living till sayonara between man & woman?

    1. MSS is neutral as is taking back own money

    2. Ya!

      Have U checked like me monthly payment is higher than MSS at age 67 and for life.

      O. K. the bequest is gone by i think by 80.

    3. I didn't compare. Taking back own money is good enough

    4. Actually CPF LIFE benefits people who are quite healthy at 65 to 70, and have parents and grandparents who all lived beyond 90+.

      Anyway CPF LIFE is open to us Medeka Generation until age 80.

      By that time i wonder what are the terms to join?

  7. Replies
    1. MSS is Minimum Sum Scheme but not applicable anymore other than Merdeka geneation

    2. According to statistics, woman lives 5 years longer than man.

      So woman on MSS will get higher monthly payout than on CPF LIFE.

  8. Hi,

    May I ask, after age 55, if the member's cpf interest generated from OA & SA is withdrawn in December of each year as passive income while keeping the principal untouched, does it mean the compounding interest of cpf is being missed out ie, the principal will not grow in quantum.


    1. Withdrawal of interests from CPF can be part of our retirement income sources for retirees. One should let your CPF compounding as long as possible!

    2. Stock Tips
      Sunday, 6 December 2020
      Passive Income From My CPF For 2021. PayNow!!!

      The answer is in the above blog; Really.

    3. Read - "Passive Income For My CPF 2021"

  9. Compound as long U don't need the money till bank's FD rate is higher than CPF rate.

    Like in the past i locked my CPF Funds with UOB one time insurance payment for 5 years to 10 years.

    The best i remembered with NTUC insurance for 5 or 10 years.

    All the above were under CPFIS lol.

    So the money is still with CPF after maturity.


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