Diligence payoff with CPF-RA topup

 1. Current BASIC PLAN payout at age 65

My current RA Balance is $371k as at Feb 2024. [Projected Payout at age 65, for ERS Basic Plan: $2,180 p.m.]

2. NEW ERS BASIC PLAN PAYOUT (if cash topup with $117k in 2025)

In 2025, with added RA whole year interest and cash topup permitted at $117k, my new RA Balance would slightly exceed $500k. [New Payout at age 65, for ERS BASIC Plan: $2,920 p.m.). (4 more years runway to age 65).

3. Calculator error beyond $500k

But don't trust the CPFLife Estimator for $500k RA Balance at delay payout to age 70. Salivating if new payout is $3,890 p.m. !! (I might have to input as one year younger to calculate Delayed Payout at age 70).


~~~

4. So far, I have topup RA (at ERS) with:

Age 55: $88k (in 2019)

Age 56: $7.5k (in 2020)

Age 57: $7.5k (in 2021)

Age 58: $10.5k (in 2022)

Age 59: $10.5k (in 2023)

Age 60: $10.5k (in 2024)

Total: $134,500 (excluding additional annual MA cash topup to its yearly BHS).

Wow a lot of forced saved money. It can be heart-pain.

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