First things first, have you ever done any sort of investments before? What are your returns like? If this is your first time investing, i would say, keep the money in cpf, and research on what is investment? Read up books, join courses, ask your investment savvy friends, bloggers, etc. Build up your knowledge so that you know what you are buying into, what’s the risk you are taking, etc etc Without any knowledge, without focusing on risk, and only focusing on returns, you will eventually set yourself up to lose most of your cpf. And no, i’m not fearmongering. I’m considering the worst case scenario whereby it is 100% capital loss. When one thinks about what to do with their retirement fund, better be safe. if you do have investment knowledge, and practical experience, then it may be a good time to use cpf to invest. main considerations include not needing the money soon, e.g. bto, getting higher returns that the guaranteed 2.5/3.5/4/5% that cpf gives, with relatively lesser risk.