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Penguin

17 Jun 2025

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My plan to reach FRS in my SA by 2027

Aiming to achieve this financial milestone in 2027, when I am 30. I currently have $97505.45 (Jun 25) in my SA. I am only assuming 4%, minus the bonus interest, as it just makes the caculations more complicated. The needed monthly deposit amount includes both tops up and employer contribitions. The FRS in 2027 is $228,200, I have overestimated this amound when using the calculator. The first step to financial freedom is knowing how to get there. Life might take over and you might get derailed but it's good to at least have a plan you can fall back on to guide you back onto the right path. Feel free to plan for your own unique situation using this calculator: https://www.thecalculatorsite.com/finance/calcu....

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SK

27 Sep 2025

If I were you, I would suggest that you try to hit the prevailing year BHS and supercharge the monthly SA & MA contribution to SA. This will expedite the contribution into SA, which will then be reach to BFS and finally to FRS.

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JH L

03 Aug 2025

Thanks for sharing.

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Wrong Sean

19 Jul 2025

I would suggest that you consider hitting BHS first to accelerate the growth in your SA. Mandatory MA contributions will flow to your SA after BHS is met.

You still get the tax relief and can utilise for your healthcare needs.

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YOC

01 Jul 2025

Nice to start early.

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Chris cctzjd

30 Jun 2025

Own time own target at Self Employed

Very nice...

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47 years old, 2k in oa and 64k in sa, and 55k in ma, 25k to pay off hdb loan how much must I have in sa to reach the frs at age 55? and once u hit the frs at age 55. u still only can take out 5k?

When I have reached the BHS for my medisave account, where will the annual interest for that account go to? SA (assuming that it has not reached FRS) or OA?

I have hit my Medisave cap and my SA has 60k. How Long more must I continue to do a voluntary SA top up to reach the FRS and let it compound?is it true that if I contribute in January it is better?

Suppose that a person already reached the FRS in CPF SA account and will continue to work for next 20 yrs, what are other ways to grow the SA account other than employment contributions?

If my SA account has reached FRS balance (181k for this year). For tax relief next year, should I top up cash $7K to SA or OA by Dec 2020 or Jan 2021?

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