Advertisement

Ace

15 Jul 2022

∙

Monthly Retirement Cost - how much will you fund by CPF, how much by cash/investment/others?

Just wondering how the Seedly community will fund their retirement e.g. say we stopped working on our full-time/permanent job by say 65. Assuming we reach FRS.

How much of monthly retirement allowance do you plan to be funded by CPF and how much by cash/investments/passive income (e.g. rental)?

7

Discussion (7)

What are your thoughts?

Learn how to style your text

Alfred. S

23 Jul 2022

Hi Sharon,

Personally I strive towards a monthly cashflow of $2,500-$3,000 for retirement expenses (excluding discretionary purchases/vacations).

Assuming FRS for CPF, and an estimated monthly payout of ~$1,400. The remaining shall be funded by (1) Anunity plan - 30%, (2) Dividend porfolio - 15%, (3) Rental income - 25%, (4) ETF portfolio - 20%, and (5) Alternative investment like Crypto/ Fine art - 10%

Reply

Save

View 1 replies

Ryan

22 Jul 2022

CPF life but I am to make it to ERS.
Dividend for treats.
CPF SA yearly interest for extra cash
Find some hobbies to generate minimal cash enough for simple 2 meals a day.

Reply

Save

Just_Saying

19 Jul 2022

Use CPF life payout for your survival expenses. Make sure you the payout is aligned with your sur...

Write your thoughts

Related Posts

I’m 45, divorced and earning 9k before CPF with two kids aged 18&20. One has special needs. Overheads are 4.5k per month. How much should I save per month assuming I will retire at 62?

Can you simply invest in one or a few low cost index funds (ie Vanguard S&P 500), putting in money every month, and hold it all the way until retirement like Warren Buffet recommends?

I’m a 47yo hsewife, hv $500 spare cash mthly. Want to build up retirement funds. Not much expenses as hubi pays for everything. Alr contribute $7K to CPF SA yearly. Wat else can I do? Any advice?

Been seeing different accounts of how much emergency funds to put aside, some saying 6-12 months expenses while others preach 6-12 months of salary. How much is too much emergency funds ?

What if CPF RA exceed Enhanced Retirement Sum (ERS) at age 55? If choose not to withdraw, how much CPF life can pay? Using 1M65 as an example, how much CPF life pays based on 1million balance at 65?

Related Posts

I’m 45, divorced and earning 9k before CPF with two kids aged 18&20. One has special needs. Overheads are 4.5k per month. How much should I save per month assuming I will retire at 62?

Can you simply invest in one or a few low cost index funds (ie Vanguard S&P 500), putting in money every month, and hold it all the way until retirement like Warren Buffet recommends?

I’m a 47yo hsewife, hv $500 spare cash mthly. Want to build up retirement funds. Not much expenses as hubi pays for everything. Alr contribute $7K to CPF SA yearly. Wat else can I do? Any advice?

Been seeing different accounts of how much emergency funds to put aside, some saying 6-12 months expenses while others preach 6-12 months of salary. How much is too much emergency funds ?

What if CPF RA exceed Enhanced Retirement Sum (ERS) at age 55? If choose not to withdraw, how much CPF life can pay? Using 1M65 as an example, how much CPF life pays based on 1million balance at 65?

Advertisement