CPF Minimum Sum

The Full Minimum Sum (OA + SA = RA) required when one turns 55 at that year for additional withdrawal.

I made a projection based on the different inflation rate (1-5%) to arrive at the minimum sum required by the time we reached 55 years old (2045). The projection will be adjusted whenever the CPF board announces the new minimum sum.

According to my projection, the minimum sum required for people around my age ranges from $224k to $686k!

Current Status
KPO: 13%
CZM: 30%


Estimated CPF Min Sum by Inflation %Actual
YearMin Sum (2003)1%2%3%4%5%Min Sum (Adj. Inflation)Inflation %
2003$80,000-----$80,000-
2004$84,000-----$84,5000.60%
2005$88,000-----$90,0001.67%
2006$92,000-----$94,6000.54%
2007$96,000-----$99,6000.90%
2008$100,000-----$106,0002.17%
2009$104,000-----$117,0006.13%
2010$108,000-----$123,0001.23%
2011$112,000-----$131,0002.70%
2012$113,000-----$139,0005.17%
2013$115,000-----$148,0004.62%
2014$117,500$153,000$154,000$156,000$157,000$159,000$155,0002.50%
2015$120,000$160,000$161,000$163,000$165,000$166,000$161,0001.71%
2016-$163,000$164,000$166,000$167,000$169,000$166,0003.11%
2017-$168,000$169,000$171,000$173,000$174,000
2018-$170,000$172,000$176,000$180,000$183,000
2019-$172,000$175,000$181,000$187,000$192,000
2020-$174,000$179,000$186,000$194,000$202,000
2021-$176,000$183,000$192,000$202,000$212,000
2022-$178,000$187,000$198,000$210,000$223,000
2023-$180,000$191,000$204,000$218,000$234,000
2024-$182,000$195,000$210,000$227,000$246,000
2025-$184,000$199,000$216,000$236,000$258,000
2026-$186,000$203,000$222,000$245,000$271,000
2027-$188,000$207,000$229,000$255,000$285,000
2028-$190,000$211,000$236,000$265,000$299,000
2029-$192,000$215,000$243,000$276,000$314,000
2030-$194,000$219,000$250,000$287,000$330,000
2031-$196,000$223,000$258,000$298,000$347,000
2032-$198,000$227,000$266,000$310,000$364,000
2033-$200,000$232,000$274,000$322,000$382,000
2034-$202,000$237,000$282,000$335,000$401,000
2035-$204,000$242,000$290,000$348,000$421,000
2036-$206,000$247,000$299,000$362,000$442,000
2037-$208,000$252,000$308,000$376,000$464,000
2038-$210,000$257,000$317,000$391,000$487,000
2039-$212,000$262,000$327,000$407,000$511,000
2040-$214,000$267,000$337,000$423,000$537,000
2041-$216,000$272,000$347,000$440,000$564,000
2042-$218,000$277,000$357,000$458,000$592,000
2043-$220,000$283,000$368,000$476,000$622,000
2044-$222,000$289,000$379,000$495,000$653,000
2045-$224,000$295,000$390,000$515,000$686,000

No comments:

Post a Comment