GoalsMapper calculates the Retirement Sum required when you are at age 55 by projecting the current year Retirement Sum by the rate of increase of the Retirement Sum based on 3.5% for future cohorts turning age 55 on and after Year 2023.
Based on the below image, the CPF Retirement Sum requirement for BRS is $114,100 in 2027.
To find out the CPF Retirement Sum required in 2037, you will have to project the BRS by 10 years at 3.5%. You can also choose the type of Retirement Sum (BRS, FRS or ERS) at the client profile page.
