Tuesday, July 14, 2020

CPF calculator v2

If you born in year 1995(age 25 this year), with salary $2,000 per month. Assume 1% salary grow per year, and getting 13 salary month per year. You will get CPF of $561,857 at age 55 and $892,661 at age 62.

If you born in year 1990(age 30 this year), with salary $3,000 per month. Have $10,000 in each of your Ordinary Account, Special Account, MedicSave Acc. Assume 1% salary grow per year, and getting 13 salary month per year. You will get CPF of $707,285 at age 55 and $1,001,995 at age 62.

Interested to know your estimate CPF when you age 55 (minimum age to draw CPF) and age 62 (retirement age)? Try the calculator below.

CPF_Calculator_v2.xlsx



Note: CPF of 4% return is really a good risk free return. Just about 18 years, you can double of your "investment".

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