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Anonymous

25 Mar 2023

Retirement

Alternative look at retirement amts? Wondering if anyone thought about whether retirement amts can be like that?

Assuming that I have sufficient CPF SA, OA, abit of SRS, savings... If I assume that I can use CPF SA/ RA after age 65, and SRS to cover between 62-65 yo, OA to cover between 55-65 yo, and my savings to cover from now till 55 yo, does it make sense to lean FIRE?

Discussion (5)

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I think you can try this retirement calculator to calculate what amount is sufficient. However, you might also want to take into consideration the inflation rate. You also should have sufficient medical insurance and additional savings for medical emergencies so as to not bankrupt your retirement savings.

CPF is unlikely to cover most people expense so probably make sense to have alternatives

Randy

Edited 26 Mar 2023

Financial Analyst at

You dont mention any number so hard to think. But that method is common, it is - in my opinion - a d...

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