Sunday, February 28, 2016

Extrapolation of CPF Full Retirement Sum (FRS)

The Government had announced the Basic Retirement Sum (BRS) amount that each cohort (turning 55 years old between Year 2016 and Year 2020) needs to set aside. Looking at these numbers, I realised that the dollars were increasing at a fixed rate of $5,000 but the percentage point was decreasing from Year 2016 to Year 2020. With this information, I went ahead to extrapolate an unofficial estimation of future Full Retirement Sum (FRS) from Year 2021 until Year 2040.

If you chanced upon this blog post via searching for retirement materials, I hope that the table below is useful for you. Please be reminded that it is only an unofficial estimation. The official BRS and FRS from Year 2021 onwards would still need to be announced by the Government in the future.

Age 55CPF Full Retirement Sum (FRS)Remarks
Year 2016$161,000Announced by the Gov in Feb 2015
Year 2017$166,000Announced by the Gov in Feb 2015
Year 2018$171,000Announced by the Gov in Feb 2015
Year 2019$176,000Announced by the Gov in Feb 2015
Year 2020$181,000Announced by the Gov in Feb 2015
Year 2021$186,000My Unofficial Estimation
Year 2022$191,000My Unofficial Estimation
Year 2023$196,000My Unofficial Estimation
Year 2024$201,000My Unofficial Estimation
Year 2025$206,000My Unofficial Estimation
Year 2026$211,000My Unofficial Estimation
Year 2027$216,000My Unofficial Estimation
Year 2028$221,000My Unofficial Estimation
Year 2029$226,000My Unofficial Estimation
Year 2030$231,000My Unofficial Estimation
Year 2031$236,000My Unofficial Estimation
Year 2032$241,000My Unofficial Estimation
Year 2033$246,000My Unofficial Estimation
Year 2034$251,000My Unofficial Estimation
Year 2035$256,000My Unofficial Estimation
Year 2036$261,000My Unofficial Estimation
Year 2037$266,000My Unofficial Estimation
Year 2038$271,000My Unofficial Estimation
Year 2039$276,000My Unofficial Estimation
Year 2040$281,000My Unofficial Estimation