Is 1M65 still valid?

I keep seeing the 1M65 approach mentioned as the “ideal” CPF retirement strategy, but I’m wondering how realistic it is for a typical middle-income household.

If you’re earning an average salary, paying for housing, raising kids and still trying to save/invest outside of CPF, getting S$1m into CPF by 65 sounds quite different from someone with a high income and fewer commitments. Is 1M65 actually achievable with consistent saving over a long career, or does it require an unusually high savings rate/income?

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1d ago

I feel it is for high income earning couples. Not so much for your average typical Singaporean couples.

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1M45

Edited 6d ago

The original 1M65 concept target is $500k each for you and your spouse. It is still achievable as long as you stay consistently employed.

However, you cannot buy an expensive house, and you must transfer a portion—if not all—of your OA funds into your SA when young.

CPF is an ideal framework for standard retirement at age 65, but it fails as a primary strategy for early financial independence.

I don't practice it. I'd rather have $1M in liquid assets than be a CPF millionaire.

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