Can a 27-year old hit his Full Retirement Sum at age 55? Back in early 2020, I wrote an article about our CPF Full Retirement Sum or FRS for short, potentially hitting a figure of more than $400,000 by 2050 ($412,000 to be exact), based on a 3% growth rate. Following the recent announcement … Read more
Possible for the average Singaporean to achieve? The Full Retirement Sum (FRS) in 2020 is at S$181,000. This means that if you hit Age 55 in 2020, this is the amount you NEED to set aside in your CPF account to contribute to CPF LIFE when you hit Age 65. As most Singaporeans would already … Read more
