My colleague did it!! His ERS $426k at age 55 now
Today we celebrated one colleague 55th Birthday. Amazingly focused. He max his CPF-RA at $426k, topup using is OA account.
With it, he will have CPFLIFE Payout at $3,300 p.m. STD plan at age 65, or $3,000 p.m. BASIC plan.
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If coupled, their combined CPFLIFE payout would be $6,000 p.m. at age 65.
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My advice to him:
* Continue to keep topping up his RA annually to his ERS yearly.
This will grow his CPFLife payout.
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Lamentations:
During my time at age 55, if I were allowed to topup to max ERS $426k!!! I would have reached $650k @age 65.
My time was $264k ERS in 2019 then. It has grown to more than $500k now.
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