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  • CPF Planner - Retirement Income

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    dinesh.rairikar
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    This document contains a CPF Planner projection for Dinesh Arunrao Rairikar. It shows that based on his current CPF savings of $73,363, he is projected to receive a monthly payout of $1,820 at age 65, falling short of his retirement goal of $2,580 by $760 per month. It also shows that with a one-time CPF transfer of $75,800, he could potentially receive an additional $790 per month, eliminating the shortfall. The projection is based on Dinesh's current salary of $12,000 per month plus $5,000 in additional salary/bonuses, with 0% annual increases.

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    PR CPF Planner

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    This document contains a CPF Planner projection for Dinesh Arunrao Rairikar. It shows that based on his current CPF savings of $73,363, he is projected to receive a monthly payout of $1,820 at age 65, falling short of his retirement goal of $2,580 by $760 per month. It also shows that with a one-time CPF transfer of $75,800, he could potentially receive an additional $790 per month, eliminating the shortfall. The projection is based on Dinesh's current salary of $12,000 per month plus $5,000 in additional salary/bonuses, with 0% annual increases.

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    © All Rights Reserved
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    4 views2 pages

    CPF Planner - Retirement Income

    Uploaded by

    dinesh.rairikar
    This document contains a CPF Planner projection for Dinesh Arunrao Rairikar. It shows that based on his current CPF savings of $73,363, he is projected to receive a monthly payout of $1,820 at age 65, falling short of his retirement goal of $2,580 by $760 per month. It also shows that with a one-time CPF transfer of $75,800, he could potentially receive an additional $790 per month, eliminating the shortfall. The projection is based on Dinesh's current salary of $12,000 per month plus $5,000 in additional salary/bonuses, with 0% annual increases.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    RAIRIKAR DINESH ARUNRAO

    (CPF Account Number: S7686451I)


    13 Jan 2023 04:40 PM (Singapore Standard Time)

    CPF Planner - Retirement Income

    1. Your Projections
    (as at 13 Jan 2023 04:40 PM)

    Projected Monthly Payouts at age 65

    Your Retirement Goal which you have set $2,580

    Projected Monthly Payout based on your current CPF savings and the salary assumptions you have
    $1,820
    provided1

    Projected Payout Shortfall $760

    Projected Retirement Savings at age 65

    Your target Retirement Savings2 based on your Retirement Goal $484,000

    Projected Retirement Savings based on your current CPF savings and the salary assumptions you
    $338,000
    have provided1

    Projected Savings Shortfall $146,000

    Projections are based on your current Special Account savings, as Ordinary Account savings are likely to be used for your housing needs, e.g. for
    housing loan repayments.

    2. What you have Simulated


    (as at 13 Jan 2023 04:40 PM)

    Based on the CPF Transfer you have simulated, you are projected to receive an additional $790/month at age 65. This can potentially reduce
    your shortfall to $0/month.

    What you have Simulated

    Method CPF Transfer

    Frequency One-Time

    Amount $75,800

    Get closer to reaching your retirement goal by proceeding with the plan which you have simulated. Visit https://cpf.gov.sg/applyrstutopup to
    make your CPF Transfer.

    1
    Refer to Page 2, Section 3
    2
    This is the amount of retirement savings you need to enable you to receive the monthly payouts you had set as your retirement goal

    1 of 2
    RAIRIKAR DINESH ARUNRAO
    (CPF Account Number: S7686451I)
    13 Jan 2023 04:40 PM (Singapore Standard Time)

    3. Inputs used for the Projections


    (as at 13 Jan 2023 04:40 PM)

    Your Current Special Account Savings

    $73,363

    Salary Assumptions You Have Provided

    Your current monthly salary $12,000

    Additional salary, including bonus $5,000

    Estimated annual increase (applies to current monthly and additional salary) 0%

    Existing Recurring Top-ups

    Frequency Giver Amount

    Monthly Self $-

    Yearly Self $-

    Monthly Loved Ones & Others $-

    Yearly Loved Ones & Others $-

    For the full list of assumptions and notes, visit our website

    2 of 2

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