CPF has been a milestone for Singaporean all these years. As mentioned before, CPF savings can be used for payment of HDB housing loan, medical expenses etc. I have mentioned that it may not be prudent to use CPF for such payment. The purpose of CPF is to save for retirement. There are many instances in which Singaporean do not consider CPF as part of their retirement. This is because the Government limit the withdrawal of CPF until the age of 55. It’s only after catering to the minimum sum in which the withdrawals may be allowed. Of course, the Government mentioned that the CPF members can withdraw the minimum of $5,000 even if the minimum sum is not met at the age of 55. Frankly speaking, I do not hanker on the withdrawal of CPF monies at the age of 55. This is because of the everchanging goal post. I advocate not considering the CPF as part of the retirement as conservative approach. One should focus on saving and investing the own monies (derived from full-time employment) as the gateway to the retirement. One does not have to follow the myths of retiring at the current statutory age of 62. If one is not happy with the current work environment, one can have the options of retiring early. The option of early retirement is an icing to the cake.