As from April 2013 my Journey in Investing is 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!

Currently; it about 54% to destination!

Click to email CW8888 or Email ID :

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.

Think Investing as Tug of War - Read more? Click and scroll down

Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Sunday, 25 July 2021

1M65 CPF OA Possible Or Not??? (2)

Read? 1M65 CPF OA Possible Or Not???

Read? The Difference Between Smart Financial Advice and Smart Financial Advice For You (4) - Refresh!

Read? How To Become CPF Millionaire? Two Approaches Path A or B?

Read? Median household income in 2019 is $9,293

When we cannot be really motivated by Statistics then the opposite effect may happen - Demoralized??? Sigh!

Median gross monthly income from work (including CPF) in 2020 is $4.5K and after CPF is about $4K and annual income after CPF is about $48K!

Median annual income after CPF is about $48K

Mandatory annual CPF contribution is about $6K 

Voluntary annual CPF Top up to Max is up to $30K for Median Income folks to become CPF millionaire!

I can! You can! LOL!

More fund for GIC to invest!

Hmm ... Sunday Times Invest Editor should be renamed to CPF Rich or Save Editor!  Saving is NOT Investing! LOL!


  1. CW,

    This kind of meant well, if I can so can you articles, merely serves to highlight the elephant in the room:

    Earn more.

    The math couldn't be simpler.

    Just save $50K per year under the mattress, in 20 years we'll be millionaires.

    No need any compounding interests some more!

    Just don't ask HOW you can save $50K when you are earning the median wage and below...

    Unless you want to be patronised with:

    Save more.

  2. Hi Uncle8888,

    A lot of late-Boomer & early-Gen X have been "discovering" CPF as their go-to stash for packing away $$$$, particularly refunding housing withdrawals & maxing out SA/RA.

    A poly grad can hit $1M total in CPF by late-50s just by salary contribution, provided -- here's the kicker -- don't use CPF for housing, lol.

    Pretty unrealistic in S'pore. And also unattractive ... until that person is in his late 40s or 50s.

    A simple rule of thumb for retirement savings is to "save" 15% of salary ... but this is provided the savings are always invested e.g. S&P500 fund.

    For CPF where there's no proper & mandatory investment, for average joes to depend on CPF for retirement, it means the average 28% allocation to OA and SA should not be touched if a person wants the amount to be enough by 55-60 yrs old.

  3. Average to below average earners just can day dream about it lol.

    Even with my CPFIS not bad ROI for my wife, still a 白日梦.

    Only for above to high wage earner like "Zorro".

    Remember Zorro?

  4. First of all, it is really remarkable for the 67 yo lady to be able to maintain such high CPF savings and still contributing to it yearly at her age. For the vast majority of people, they would be already drawing down on their CPF money the moment they turned 55 ! So, salute to her!

    And indeed, earning more is an important factor to have such healthy numbers in one's CPF.

    Increasingly though, I am seeing younger and younger people attaining such numbers in their CPF savings. For example, at 60, I have the same numbers as the lady (ie at 1.7M60) and if I continue to be able to contribute the maximum ($37,740) each year, I will attain 2M64. But if I stop work now, my contribution will stop too and I will start to draw out the interests.

    And a younger relative told me that he will attain 2M60. All this happens as the sentiments towards the CPF turns positive with more and more people seeing the benefits of having a solid CPF savings foundation.

    And given the knowledge of CPF savings hacks, it is no longer just about earning more. It is also about leveraging on the compounding interests of the CPF and the time horizon.

    For eg. if a person tops up his child's CPF to the full of the SA and MA, ie $186,000 to the SA and $63,000 to the MA for the child at age 25, in 40 years' time, the child's CPF would grow to $1,195,000!

    That's a "gain" of $946,000 from Ah Gong for a small investment of $186,000 + $63,000 = $249,000 !

    You can understand why there are people happily topping up their children's CPF!! I am guilty of doing this for my children. Could not afford to top up to the full FRS and BHS, but in the low tens of thousands.


Related Posts with Thumbnails