How can I maximize my CPF if I want to achieve at least 800K by age 55?

I'm 40 next yr. My mortgage is via cash. CPF total bal ard 380K. I used to do DCA for my OA investment with my FA but stop 8 yrs ago. Started using Endowus 6 mths ago. Should I sell away all my CPFIS (appx 130K) or keep them? What can I do to meet the 800K?
CPF OA 40K (for housing in case of job loss)
CPF SA 130K
CPF MA 60K
CPFIS Mkt Value - OA - Navigator 120K
CPFIS Mkt Value - OA - Endowus 15K
CPFIS Mkt Value - SA - Navigator 16K
CPF SRS - 5K using Endowus cash smart

Endowus

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MC

13 Dec 2020

Finance at National University of Singapore

Why are you looking at $800k solely in CPF? Or do you mean net worth(excluding property)?

If you invest diligently with your cash, DCA-ing into world ETFs + investing any additional CPF OA into Endowus S&P500, you should be able to reach 800k by 55 years old.

You can use the rule of 72 to calculate which investment vehicles you should use. As someone in the answer calculated already, you will need 4.8% annual returns assuming you have no additional inflow of CPF monies. So move the funds on anything that does not net you 4.8% returns to things that do.

Regarding Navigator, what are your returns on it, nett of fees? Do you have any penalty with removing funds from it? Compare it with Endowus for your CPFIS-OA.

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Endowus

13 Dec 2020

Hi Anon,

Seems like you have planned your finances very carefully, with even a portion of your OA to pay for your housing!

You have a long investment horizon ahead before 55, and even then, you still would want to keep your money in CPF because of the high interest rate. Using a balanced fund (which is what Endowus is trying to replicate, at the lowest cost, the chances of doing better than the 2.5% is at 100% over 15 years historically.

Extracted from this article:

https://endowus.com/insights/this-is-why-we-adv...

While the safest way for you to hit the $800k will be to do a CPF OA to SA transfer and earn a higher income, you have a long time frame, and also, good financial planning. You may want to consider maximising your wealth.

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