Wednesday, September 19, 2007

CPF 2

Singaporeans have S$150,000 in home equity on average

S$35bn in Medisave, medisave is roughly 1/4 of total CPF contribution
ie CPF has S$120-140bn in all (35x4)
120bn / 3mn = $40,000
Average Singaporean has $40,000 in CPF
Average Singaporean needs $90,000 to $120,000 to retire (Age 65-85)

In 2030, 1mn Singaporeans above 65

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