1.214M42 Regrossed Balances

If you follow the CPF Annual Report definition of regrossed balance, we have a combined S$1.214 million in CPF. That sounds better.

The regrossed balance includes the monies you have spent on investment/housing loan/education, etc.

That is the right way of calculating as it shows your own ability to draw cash into the CPF account (be it topping it up yourself or from the employer contribution).

Nevertheless, the net cash balance in CPF account is S$918,000. 

Why such a nice figure?

I round out the numbers by doing Voluntary Housing Refund (VHR)!

It shall break S$1 million mark on January 1st, 2024. 

The key is to stay employed.

My 10 years boy has the CPF balance of S$54,741.05 (sitting in SA and MA account that both draw high compound interest of 5.0% currently).

If you want to boost your CPF balances at a faster pace, you can choose to pay your housing loan all in cash instead of CPF OA. 

We have withdrawn total CPF OA amount of S$261,802.98.

We have missed out the potential interest of S$67,024.15, which is the accrued interest.

CPF is not the only retirement income but surely, it is one of the damn good incomes when we retire! Cheers.