Retirement Calculator
The CPF website offers many online calculators to let you calculate your money and one of the useful tools I have found is the retirement calculator. It came as a shock when I saw the results. If I want to retire at the age of 40, and get $3000 a month for 30 years, I would be $1.5 million in debt if I don’t do anything!
Some information required as you use the retirement calculator are your income, current CPF money, property payments, annual expenditure and other investments.
I seriously need to cut down on my expenses and increase my streams of income. I’ve just started rethinking about increasing my streams of income so hopefully it will work out. As for my expenses, I really need to keep a tight rein on where the money is going. I spend too much on clothes, books, courses, beauty, spa and my car.
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