YTD 2026 Networth tracking thread

[hwmook]

I believe most MM peeps' cpf accounts have already exceeded ERS even before they're 40y.

My OA is practically zero, used it for housing. SA haven't reach FRS, never top up a single cent.

 

[highsulphur]

Left with 22k, the rest are still in tbill. What about yours?
1M by 50 ba.

My target is 1m by 50

 

[d9_lives]

My target is 1m by 50

It shouldn't be difficult.

 

[d9_lives]

My OA is practically zero, used it for housing. SA haven't reach FRS, never top up a single cent.

You prob.have better alternatives.

 

[highsulphur]

It shouldn't be difficult.

it is not easy either. need to plan ahead for it happen

 

[starlight318]

My target is 1m by 50

How is 1m by 50 possible unless you never used CPF for housing?

 

[Mephist0pheLes]

How is 1m by 50 possible unless you never used CPF for housing?

base on my projection, i think i can if i add up all 3 accounts, and if i work till 50. but i likely to stop work by 45, so it will take a couple more years for the compounding interest to help me reach it.

topped up my SA a few times for tax relief, did OA to SA transfer to reach FRS early, and buy an affordable home.

 

[highsulphur]

How is 1m by 50 possible unless you never used CPF for housing?

I refunded to my OA amount used for housing

 

[d9_lives]

How is 1m by 50 possible unless you never used CPF for housing?

I do and I still have >400k (inc. tbill).
I don't want to go into detail but let's add 50k/year (cpf cont. + Ma top up + Interest and - loan). 10y is 500k.

Unless my calculation is wrong, I prob. will hit 1M even before I reached 50.

And I haven't considered amount to be returned to oa from selling my hdb in future.

 

[limster]

How is 1m by 50 possible unless you never used CPF for housing?

for me 1M55 probably can, but I got no problem believing others can hit 1M50 depending on their CPFIS returns.

I also refunded my CPF housing when interest rates were low and am also investing my CPF in CPFIS. Hopefully the power of compounding will lead to 1M55 for me.

 

[revhappy]

I am reminded of the netflix series Better Call Saul. Most of us are now like 1 kid or 0 kids. So no hopes of kids taking care of us. If you are 80+ it is better to move into assisted living. Just make sure we have enough money to pay for it.

Not sure if this kind of assisted living is big in Singapore.

 

[starlight318]

for me 1M55 probably can, but I got no problem believing others can hit 1M50 depending on their CPFIS returns.

I also refunded my CPF housing when interest rates were low and am also investing my CPF in CPFIS. Hopefully the power of compounding will lead to 1M55 for me.

Oh ya I forgot about cpfis returns. Then possible if include profit from investments

 

[starlight318]

I do and I still have >400k (inc. tbill).
I don't want to go into detail but let's add 50k/year (cpf cont. + Ma top up + Interest and - loan). 10y is 500k.

Unless my calculation is wrong, I prob. will hit 1M even before I reached 50.

And I haven't considered amount to be returned to oa from selling my hdb in future.

Just calculated, realized it's true.. if I refunded OA the amount I used for housing +accrued interest, will reach 1M by 50 too. That's total of all 3 CPF accs though. However I have no intention to refund CPF OA, also may retire before 50, so I won't have 1M50 anyway

 

[sohguanh]

I am reminded of the netflix series Better Call Saul. Most of us are now like 1 kid or 0 kids. So no hopes of kids taking care of us. If you are 80+ it is better to move into assisted living. Just make sure we have enough money to pay for it.

Not sure if this kind of assisted living is big in Singapore.

I saw some local documentary? It is big business a sort of retiree village/neighborhood with medical facilities but it ain't cheap? 3-5k or even more per month easily. The interviewed retires most complain expensive becuz during the working years of their era the pay ain't so high. The minority that pay is becuz already have health reasons and can get care easily so pay is worth.

To me ain't wrong at such old age going to die soon may as well deplete all your savings to try live longer aka last stage of your life.

 

[d9_lives]

I am reminded of the netflix series Better Call Saul. Most of us are now like 1 kid or 0 kids. So no hopes of kids taking care of us. If you are 80+ it is better to move into assisted living. Just make sure we have enough money to pay for it.

Not sure if this kind of assisted living is big in Singapore.

Smh at parents who gave birth with hope that their kids will take care of them when they're old.

 

[elvintay07]

I do and I still have >400k (inc. tbill).
I don't want to go into detail but let's add 50k/year (cpf cont. + Ma top up + Interest and - loan). 10y is 500k.

Unless my calculation is wrong, I prob. will hit 1M even before I reached 50.

And I haven't considered amount to be returned to oa from selling my hdb in future.

Actually it is because of the cpf ceiling cap. Else $1m by age 40 also possible. Every year only can contribute $37,740. Can easily contribute another $20-30k if there is no cap.

 

[sohguanh]

Smh at parents who gave birth with hope that their kids will take care of them when they're old.

That was a mistake for some of them obviously else Spore govt won't introduce Parents Maintainence Act to safeguard the parents when they are old.

In this aspect our govt do it much better than our Northern neighbor who do not have that law and feel there is no need to assuming such cases are low stats in their country.

 

[revhappy]

That was a mistake for some of them obviously else Spore govt won't introduce Parents Maintainence Act to safeguard the parents when they are old.

In this aspect our govt do it much better than our Northern neighbor who do not have that law and feel there is no need to assuming such cases are low stats in their country.

Singapore went from 3rd world to 1st within one generation, so there wasn't much time for people to adjust.

In 3rd world agrarian kind of society you need lots of kids to till the fields etc and the cost of raising kids is very low. But 1st world is opposite. More kids is more liability and we don't need kids to go an till our fields etc.

In other countries it take like 3 generations for people to reach 1st world stds. For example in India my grandfather generation was poor and had like 12 kids then my father generation struggled very hard went to the city and studied and got a bank job but still had 3 kids. My dad is already mid 70s. Now I have only 1 daughter. So in India we had this slow transition. In Singapore it is like current generation PMETs parents were like India 2 generations back. So Singapore skipped one whole generation and went from 3rd world to 1st world directly.

This is why you have a big sandwich generation in Singapore.

 

[elvintay07]

We need to view this parent vs child thing in an open perspective. Many would have argued both husband and wife enjoyed the child making process but wanted a child to complete the family. Unfortunately, the child couldn’t get to choose. Well, some turned out well and in the end, the child provides for the parents as they aged. Personally I think it is prudent and reasonable to plan for our future without relying on anyone. No one owns each other anything. Although olden Chinese would believe child is here to pay for their debts. Well, up to you to believe

 

[DevilPlate]

You reap what you sow