If you had factored in your financial commitments, you may also wish to do an estimation of how much CPF savings you will have when you reach 55. Do try the CPF Retirement Calculator to get an estimate of your retirement savings based on your current commitment.

Before you make the decision to buy that dream home, do exercise prudence. Buy a house that matches your income. Your total monthly debts, including housing instalment, should not exceed 35% of your monthly income (as advised by MoneySense). Remember, you do not want to end up being asset rich and cash poor in your old age. Your CPF savings is meant for your basic retirement, housing and healthcare needs.