Can you retire comfortably in Singapore with a CPF payout of $3,300 monthly?

Singaporeans are sprinting toward retirement, but are they winning? With $6.7 billion in CPF top-ups in just seven months this year, the urgency is clear.

That’s a 40 per cent jump from all of 2024. The surge follows policy tweaks like the closure of the Special Account and the bump in the Enhanced Retirement Sum (ERS) to $426,000, making it easier to save more, but the finish line keeps moving.

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The increase in the ERS offers payouts of up to $3,300 monthly. Still, experts warn that retirement could cost millions. A 25-year-old today might need up to $2.4 million to retire comfortably.

Singapore’s strong showing in the Global Retirement Index is encouraging. It leads Asia in retirement security, thanks to strong finances and income equality. That’s a win, but not a guarantee as inflation and healthcare costs are eating into those gains.

Many Singaporeans remain unsure if their nest egg will last. The comfort gap is real, and growing.

Think your CPF savings are enough? Have your say and take our poll.

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