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I have made a CPF Special Account Vs Full Retirement Sum Estimator to estimate how soon can we hit the Full Retirement Sum using the Special Account only.

It simulates the regular monthly contribution of both employer and employee excluding bonuses. You can enter an annual average increment to automatically increase your salary each year.

Please note that this estimator have a few limitations:
  • All calculations are just estimates as
    • Increments may change
    • Full Retirement Sums may change
    • CPF Contributions and Allocations may change
    • CPF Special and Retirement Account Interest may be calculated differently depending on the investment
  • Assumptions
    • This spreadsheet assumes that the Full Retirement Sum increases at a rate of 3% on average, rounded off to the nearest thousand. 
    • Salary bonuses are excluded for simplicity and conservativeness.
    • Interest Rates for ages below 55 are assumed to be 5% for the first $40,000 of the Special Account and 4% thereafter.
    • Interest Rates for ages above 55 and before 65 are assumed to be 6% for the first $30,000 of the Retirement Account, 5% for the next $30,000 and 4% thereafter.
    • No spillover of the Medisave Account contributions are factored in as well.


Disclaimer: This spreadsheet should not be construed as financial advice. The results may not be guaranteed to be exact, and may not apply to your specific situation. Users should carry out independent verification of results provided. No warranty whatsoever is given and no liability whatsoever is accepted for any loss howsoever arising whether directly or indirectly as a result of actions taken based on the results from this spreadsheet. Please consult a qualified professional regarding financial decisions.

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