How much should I prepare in my CPF and how much outside of my CPF should I be setting aside to enjoy a comfortable (but not extravagant) retirement? - Seedly
 

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Asked by Leong Wen Fong

Asked on 07 Nov 2018

How much should I prepare in my CPF and how much outside of my CPF should I be setting aside to enjoy a comfortable (but not extravagant) retirement?

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Loo Cheng Chuan
Loo Cheng Chuan, Founder at 1M65 Movement
Level 6. Master
Answered on 07 Nov 2018

I have always advocated 1M65 as the baseline. This should give a guide for a comfortable living. Outside of CPF, it depends. Professionals will give a guide of 70% of last drawn pay. For me, however, there is no hard and fast rule. We cannot give a guide, but minimally I will advocate 1M65.

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