Theory: If you can get $2,000 per month to cover all your expenses from age 55, you need $2,000 x 12 = $24,000 per year. If based on CPF interest of 4%, you need a capital of $24,000 / 4% = $600k. In other words, if you can have $600k in your CPF retirement account, you can be financial freedom purely based on CPF. i.e. you don't need to work anymore because you have a basic income to cover your monthly expense.
Catch:
(1) Your expense cannot be more than the interest you get of $24,000. Otherwise you have to build a bigger capital
(2) Inflation
(3) Medical or accident. That's why health and insurance are super important.
If the theory above is correct, the direction is easier: how to get $600k in your CPF when you reach 55? If you don't have any CPF at age 30 (quite unlikely), you need to have salary of $5,619 when you age 30.
Another way of thinking, if you can tighten your monthly expense to $1,000 per month. You can achieve the same financial freedom for capital of $300k.
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