Could I find out more about the the calculation for CPF investment/pay out?
My monthly payroll $3000 (excluding CPF contribution) at the age of 30. many people said CPF is good, they gave 4% interest. If 35 years down the road, no adjustment on payroll, and i don't have HDB loan to pay. By the age of 65, how much would my employee and I would have contributed by then? How much would I have in CPF? How much would I be able to get back from CPF until I die? Is it possible to get all money out from CPF?
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Vincent Tan Wen Bin
17 Jun 2019
Assistant Vice President at Thinkers Alliance
There are a few tools that you can use.
Future Value calculator to calculate the compounding interest till age of 65.
https://www.calculatorsoup.com/calculators/fina...
CPF life estimator for when you are age of 65 and to estimate how much payout you will get
https://www.cpf.gov.sg/eSvc/Web/Schemes/LifeEst...
For CPF contribution, for age of below 55, you will need to contribute 20% of your income and employer will contribute another 17%
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