Retire With 1M65? | Exposing The Truth

1M65 is a strategy by Mr Loo, that aims to achieve $1M in CPF by 65 years old. In this video, I’ll share the pros and cons of this strategy, and whether you should do it or not.
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0:00 - Intro
1:00 - What is 1M65?
For 1M65 to work, all you need is just $130k at 30 years old, then let CPF MA and SA’s 4% do it’s compounding. The best part is you don’t have to do anything extra. If you start work at 23 years old, earning a median income, you will already have $130k in your CPF by 30 years old. However, if you wiped out your CPF to when buying a house, you’ll need to top up to make up for the balance.
3:00 - Pros of 1M65
With 1M65, you will have a safety net. Whatever happens to your other investments, you will still be alright as you can always fall back on your CPF.
CPF gives a relatively high interest of 4%. The CPF interest had remained the same for over 20 years. This means the money in CPF can compound really well.
By topping up CPF, you will get tax deductions. With that extra money compounding in CPF, you will have extra money to use during old age.
5:24 - Cons of 1M65
When you top up CPF, that money is locked up till old age. On top of that, the minimum sum that you’ll have to keep in CPF is going up every year.
While CPF interests or withdrawal age have remained the same, things may change anytime. Any changes will have a big impact on the 1M65 plan.
7:23 - Should you do it?
How confident are you in investing? If you are confident, you will be able to easily make 4% elsewhere, otherwise CPF gives a guaranteed 4% interest every year.
The idea of 1M65 lets you have enough money to retire at 65 years old. But do you want to retire at 65 or do you want to retire earlier? With financial independence retire early strategy, you can retire once your passive income exceeds your expenses.
10:03 - My thoughts
I feel that you can aim for both 1M65 and financial independence retire early. What you can do is just top up $7k into CPF every year to save on taxes, then invest the rest of the money.
None of this is meant to be construed as investment advice, it's for entertainment purposes only. Some of the links and other products that appear on this video are from companies which Kelvin Learns Investing will earn an affiliate commission or referral bonus.

[@1m65]

Good and Balanced Comments. Yes, you can do both CPF and Equities. No need to pick one extreme strategy only. All the best! Loo

[@KelvinLearnsInvesting]

I agree!!

[@HoneyMoneySG]

I think many just misunderstood that 1M65 is the "ONLY" strategy. The truth is, CPF is only a base plan as a safety net and should NOT be your only source of retirement fund.

[@KelvinLearnsInvesting]

Well said!

[@InvFinAcc]

Agree! It should be one of the option to explore, best to remain open-minded especially when coming to investment related matters

[@PaperPlay_]

love that you mentioned Safety Net. I am an avid investor & I love that CPF provides defensive for all my position and financial ambition.

[@esteo89]

Agreed, there is policy risk that the CPF life income might end up being push back

[@PaperPlay_]

@@esteo89 if u put aside "Kopitiam chatters" the reason why CPF Life which is an financial annuity lengthens / starts later to begin the 1st payout will be related to longevity of human as well as increase in Min Sum which is nature coz inflation.

[@brendanchong61]

From 1 January 2022, tax relief for topping up CPF SA has been up to S$8K (from S$7K).

[@anthonyfong7714]

Stay strong Kelvin. Always believe in you Kelvin. Wishing you the best

[@investingtoolkits6053]

One important point, if you are going to top up CPF eventually, start early (now). Maximize the time to compound. Achieving FRS now and 5 years later makes a lot of difference.

[@twl8053]

I have been topping up my child’s SA 5k a yr since birth. In theory they can hit 2M65 if they work as an avg salary worker.

[@mary-jane]

Can you adopt me?

[@justinjozy]

Super cool stuff Kelvin! Been thinking about retirement planning already and this video couldn't be more timely :)

[@swapy6754]

Hi Kelvin, Could you please make an updated video on Singapore dividends stocks. Thanks 😊

[@valuabletips560]

I am still going through the option of buying individual stocks wth cpf, it would be nice if you could make a video on that

[@hhancp]

Can elaborate how will withdrawing funds from OA for house will affect 1m65? I thought 1m65 rely on SA and MA, OA should not be affected?

[@thesolaashvlog5479]

Can you make videos on endorsement policy. We should buy or not.or. We should invest stocks. Which one is best way.

[@gasohwjchen]

I hope to achieve my semi retirement before 45! DCA into TSLA, BTC & ETH!

[@kitty2527]

Thank you for exposing the downside of it. Some ppl pretend to be an expert, there are many ways but for ppl who are totally clueless and risk averse than this is one option.

[@timhashimoto4444]

This point is very true that many financial platforms come up to provide good solutions like last time you introduce U Smart brokerage. Wish can always rely on their daily stock picks.

[@springgrace8850]

Hi Kelvin , really enjoy your video . Sometime u talk n sound a bit seow seow but very relaxing n informative . I would rather hear u talk than listen to some guru who cliam they previously held very senoir position in big company or hold PhD degree from degree mill

[@sgboy888]

Top up the CPF but only can be used around age 64 or 65 yrs old. What is one is single and passed on at age of 63? 🤔

[@neonfiremarcus]

Hi 1M SGD may be a lot now, but if you deflate it 30 years from now how much would that be?

[@pyingsien]

hi kelvin how does the calculations for the tax relief work?

[@choymaymay]

If you top update 8k, and you are paying say 7 percent tax,then you save 8k x 7percent, that is 560,

[@_LYH_]

8:49 like your Warren gorgor said 👍

[@family.fire.by.2025]

what not have both? 🎉🎉

[@kitty2527]

I agree, for those super risk averse and totally clueless and have a habit of spending money then putting money into CPF is 1 option but those of us who do our homework and understand the limitations of CPF and the downside of it, it better to do both, not only CPF, have an investment portfolio and eventually real estate (but not in Singapore or Malaysia - for me).

[@mynameisusedz]

Actually there are some nuances that younger folks may have forgotten that might be of interest. LKY declared that CPF monies were not used in GIC investment despite repeated questioning. That is why there is the convulated SSGS which is guaranteed by the Government. It only serves as a legal separation between CPF and GIC. As such, SSGS is merely an instrument and the government can print however many digits into existence with zero oversight since it is not traded. Therefore if CPF interest rate revises downards, it is not because GIC investment rate of return is low, it is merely a policy decision of the Government. But I think for SG government its quite safe la.

[@shastasilverchairsg]

I heard the 1M65 guy give a talk at the Seedly festival several years ago, and he said that adopting the 1M65 gave him enough psychological confidence to take more risks in investing, resulting in profitable investments and him accurately buying the bottom of the markets during one of the big crashes.

[@geekroute]

that actually makes a lot of sense! having a safety net gives one the power to hold

[@rikkichia7570]

What is your opinion if we use our excess OA fund to invest in S&P500 via Endowus

[@KelvinLearnsInvesting]

It’s good, i would certainly do it if i know i don’t need that oa money in the next 10-20 years

[@timhashimoto4444]

The lifetime caifan with fish is provided this meal does not increase price.

[@kaliyaperumaldeepan85]

There are MAS approved ETFs you can invest which is much better than CPF 4% return. You may also invest into S&P 500 ETF which is steady and will beat SA 4% return on the long run. I would probably top up not so much haha . again this is up to individual of risk to reward ratio. The market can beat the 4% even with safe invest of ETFs.

[@Sethisfy]

The strangest thing about CPF is that they announce the rates every quarter… can't even guarantee the rate for a year? 🤨

[@1965Singaporean]

I just turn 55 early this year, login to my CPF - all account added less than 50k. LOL. 3 year ago i already stop working. Recently want to start looking for job again，with only O level i think difficult. Want to work as office uncle so can mix with young people. Pay can cover my transportation and lunch will do. Please recommend.

[@azmankhan5415]

U've worked for decades so I'm assuming u have a fully paid property since u have 'only' 50k left. If its possible(no children or parents staying with u) why not rent out your property & live/retire in JB or Batam instead?

[@1965Singaporean]

@@azmankhan5415 I have 2 property, one rented out. Just want to work to feel useful and youthful. I never trust CPF that why I can retire early. I never like go MY unless is work related.

[@DarylSpykerman]

To the Moon 🚀

[@kitkatkaray1]

CPF is one part of your retirement plan, for normal people, aka, not rich until no need to worry about money. The other part is Insurance, investments and cash. These 4 broadly will make up your financial coverage for retirement. The proportion of each then depends on your own plan. The less investment savvy ones will focus more on CPF and Insurance. The more savvy ones will put more focus on investments. So, be aware of your capabilities....... Whatever you invest in, even CPF, has risk. Know and understand all these, then formulate your own plan. You may need to adjust your plan along the way... but thats life. It throws you curve balls....

[@springgrace8850]

The teaching of Lao Zu is that nothing stays constant , everything changes . Same goes for property market , crypto , forex n stock market

[@pearlykes9135]

There are limits to top up

[@darrenlim5112]

If malaysian should be 3m65.

[@lastlightsnet]

CPF is an easy option for non-investment savvy people (like me 😅), as I don't need any investment knowledge. That said, the earliest you can retire with CPF is 55 y/o. For some, that's good enough, but for others, that's probably too late.

[@livinglifeinsingapore5746]

1M65. Is something new to me. I only heard about 1MDB from Jib Kor

[@KelvinLearnsInvesting]

Uh oh…

[@wavehunter1339]

Haha.... nice one there. ..."Jib Kor" some more...haha. Jip prison har? kekekeke

[@lainelee3632]

🤣🤣 Initially I thought it was another 1MDB situation I never heard of

[@livinglifeinsingapore5746]

@@wavehunter1339 not yet.still appealing.. scotfree

[@benwong3577]

I guess this assume you are earning 6K a month ? 13 years in SINGTEL with min 6K salary will net you min 350K CPF But not everyone in ST get 6K salary. or even the Medium Salary we SG can get

[@lesliechiang1710]

what happen if I die before 65 yrs old?

[@junberg]

another truth they dont want you to find out...

[@choymaymay]

It will be cash to your nominee

[@magnetsg]

1M 30 years later is well worth 130k today :)

[@kwangc6720]

1M65 is a misleading concept of "investing". Firstly, it's $1 million for A COUPLE. If you intend to be single it's only $500k. And think about it. You start saving when you are very young in your early 20's (another flaw in presentation as most guys in SG start work only at 25 or 26 years old). Damn it. You got to wait till you are old 65 before you accumulate only $500k? 40 years to earn only $500k is pathetic. Don't forget this thing called INFLATION. $500k by then is tiny money. Secondly, the major flaw of the whole discussion is that it is assumed the person doesn't lease a flat from the government. I'm not sorry to tell you that by your early 30's, your $130k that you sweat blood saving up will be totally sucked back by the government, aka HDB. Today, a 4-rm BTO flat costs an average of $600k to lease. 10 years ago, it was $350-400k and I already found it expensive. Say you are 23 years old now. At 33 years old, you wanna get married. Reasonable to say 4-room BTO flat will cost you about $900k (and even more?!) to lease. The $100+k you have in your CPF by then is nothing. It will be totally WIPED OUT! Then what? Already not much cash left. Still want to top up your CPF??? You have also not factored in the money you need to spend on daily necessities, the expensive cost of living here in Singapore, the huge amount of financial strain you will face bringing up even 1 child in Singapore, your emergency needs (losing a job, ageing parents need financial help, etc). So you still want to top up your CPF? I'm not sure if Mr 1M65 aka Mr Loo is used as a mouthpiece for the government. Think about it: Why is he promoting using CPF to help you retire? The worst thing you can ever do is to top up your CPF. You essentially lock up your money for too long a time and it's so uncertain. Yes, POLICIES can change. The fact that this country is run for so many decades by the same old overstaying government makes me feel uneasy. I am even sure I don't trust 1M65 when I realise the PM and his wife control our money. Too much conflict of interest here!

[@taeyeonist1462]

will not top up a cent into cpf

[@jacksonheng79]

7k or 8k tax rebate?

[@kiewgerald1571]

Max $8k tax rebate

[@casemiro3663]

65 years old is a bit late to enjoy 1m.

[@thomasheng6372]

AK from A Singapore Stock investor also preached CPF

[@thekatilofficialyoutubecha7914]

Malaysia got 1mdb = One Malaysia Database, yours is 1m65, hoseliao

[@GuyWithTheCapitalJ]

Good morning early birds 😉

[@lipglossOne]

Good morning. 🥱

[@KelvinLearnsInvesting]

Good morninggg

[@TheBaobeii]

Top up 200k to CPF at 30, everyday sell credit card referral. I think that's dam sad. 😂

[@hummit]

Problem with 1M65 is that it is not effective in high inflation environment, ie if inflation is close to or exceeding 4%. In my estimation, CPF is a good and safe habour for retirement funds but if one can put effort into studying and trying other investment strategies be it property or stocks or bonds, the returns would be more significant. Every investment vehicle has its risks, but with risks comes reward.

[@Brandon_FFN]

Might as well put into S&P 500

[@myfavmusics5769]

gg, i am 18% below median hahahaha

[@wavehunter1339]

Yes, for those of you who are damngood (pardon the expression but you know what I mean lah) in investing your own money and making more than 4% is Sub Sub Soy for you and managing risk is like go eat your Chye Png at 11.45am dont wait for 12noon where you will have the best selection of all available dishes plus sure can find seats, then just set aside the minimum legally required sum in your RA and invest the rest. But if investing your own money is a struggle and managing risk is a nightmare for you, then build yourself a safety net first by maximizing your RA savings to the prevailing ERS plus top up in Jan every year to max out your RA when the revised ERS kicks in. That way, your existing savings plus your yearly top-ups plus the power of compounded interest will give you a nice payout of 3k or more per month when you turn 65. This is for those of you who will turn 55 in 2025 or later. To receive a payout of $3k a month, you need to have around $562k (my estimate) in your RA at 65 when you start your drawdown. CPF Life's payout is the highest you can get out of an annuity, a fact that even private insurers here acknowledge. Ask any Personal Financial Planner how you should plan for your retirement and they will advise you to max out your RA every year by topping up with cash to meet the revised ERS. That way, you will have a safety net. Those seniors who already did this and will turn 65 in 2022 to 2025 will receive a payout of between $2150 to $2400 (est) per mth. For a retiree, a passive income of $2150 to $2400 per month is a nice thing to have. It is like renting out a fully paid and fully furnished 4-rm flat to a family but without the headache and hassle of being an actual landlord. A real landlord must deal with landlord-tenant issues from time to time and put up with rental gaps when your property is vacant after a tenant leaves and time is needed to find a new tenant. Having a decent CPF Life payout will give you a safety net which will take care of your basic needs like food, public transportation, home wifi, mobile data plan, service & conservancy and utilities. Which will give you considerable peace of mind, something which is very important when you are retired. After setting aside whatever is necessary to build your safety net, the rest of your savings, you can try to invest yourself to try to beat the market. If you succeed, that's your bonus. If you dont, no worries as you wont go hungry or starve or be homeless as your safety net is already there because your payout is guaranteed and is for life and is not subject to the volatility of the market. Like I said, if you are damngood in investing, then do it yourself. If you are not, then investing in CPF Life is a damngood idea you should consider.

[@renakwong2335]

Macam tripleA bond cum annuity

[@sgboy888]

$4000+ as Mean/Average monthly salary in Sg is not true.

[@KelvinLearnsInvesting]

What is the real number? Can share your source?

[@sgboy888]

@@KelvinLearnsInvesting Mean/Average monthly salary in Sg should be $2000+

[@providencez9496]

Those really looking for cash for retirement but just started investing in stocks this year are regretting not doing the 1M65 LOL

[@letgotothemoon8174]

put 200K now at 1 year old then 65 will be million

[@scg9065]

Not heard of this one man. Over here north of the border we’ve only heard of 1mdb. Lol

[@scg9065]

Wonder if this makes sense with our epf here.

[@HsingG32]

To me, I just do not like the inflexibility of CPF when it comes to withdrawal. Although investing yourself is a lot riskier, but you always get to decide. So, CPF to me is the safety net only, I do not need it to be more than being a net 😄

[@Ymusputhandle]

Nowaday in Singapore minion dollar is nothing What can minion dollar can buy you? HDB resale flat? Nowadays in Singapore it is billion dollar In Malaysia, minion dollar can still get you big freehold landed with huge land 1M65? What a joke! 😂

[@tingfeng211]

Better than stashaway lol

[@minminshen2477]

Mr Loo rich man talk . With the amount of money , no need his advice . His is not investing , he just leech on the gov

[@mrwok1234]

1M65 much better than 1MDB

[@KelvinLearnsInvesting]

True story!

[@choymaymay]

The reply is funny lol

[@willsontoh7105]

i 23 year old only earn 2K8 only sad sad. Now of these day younger ppl so rich

[@BobbyHo2022]

1 mil is nothing in 35 years. It is nothing now.

[@choymaymay]

Can buy caifan for a lifetime

[@JRambonian]

Better than nothing LOL

[@theflathead]

You are beginning a bad habit of using the word 'Godlike' repeatedly for even the smallest things. Don't overuse that word, it dilutes the dramatic effect each time it is used.

[@KelvinLearnsInvesting]

Thanks for the feedback! Will keep that in mind

[@wavehunter1339]

@@KelvinLearnsInvesting How about dont even use that "word" becoz no one and nothing can be compared to God. Thank you. Instead, say "damnGood"....for eg. "even if you are damnGood in investing" bla bla bla.

[@malita354]

☣After hearing cpf haters and cpf lovers i realise 1 thing: 1. Haters of Haters are also not entirely correct because they think the haters Can Only Be Wrong. A. Higher gains investing outside cpf. This is not falsehoods but has risks. CPF SA 4% true, its safe and quite high interest. My point is, there is No Right or Wrong answers. So, Mr Loo is also wrong only when he say it as if He Must Be Right. 1m65 is a great way. No doubt. But haters of haters are also no wise. Many Roads lead to Rome. Haters has a point too. Their point is entirely valid too and has risks. For those not wanting any risk or worms in civil service, of course CPF is a great way for retire. For private sector people too. Loo hates the protesters for valid reasons but by Hating he is already wrong as he shows lack of Wisdom. One can retire WITHOUT any CPF if you can earn enough money . So while his 1m65 is great, he must not think that those who criticise the CPF MUST ONLY BE WRONG. By hating the haters only goes to show Lack of Confidence in your 1m65 or support for 1m65. Hey, capable people do not need 1m65 nor cpf. Do you all get me?

[@dianaang286]

Kelvin. U gave email address but u don’t reply ?