How can you live an enjoyable retirement life in Singapore? Many Singaporeans may have thought about this question. The good news is that there is an answer to the question: have enough retirement funds. When you have sufficient retirement funds, things will be much easier and less stressful.
To prepare for retirement, many Singapore professionals use the Central Provident Fund (CPF) to save for retirement. The CPF savings, however, may not be enough. While 85% of Singapore professionals expect to receive at least SGD 3,500 per month to live a stress-free retirement life, the average payout from CPF ranges between SGD 660 to 1,920 per month at the age of 65.
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