Retiring Well

Having a steady stream of lifetime income lets you better meet your retirement needs. Instead of drawing directly on your savings, which can run out, CPF LIFE is an annuity scheme that provides you with monthly payouts that will last for the rest of your life.

The amount you get is based on the savings in your Retirement Account, which you can continue to build up with CPF transfers and cash top-ups! If you don’t need payouts immediately when you turn 65, you can raise the amount you get by starting later. Every year you defer raises your payouts by up to 7% (though you'll have to start your payouts by 70 at the latest).

In addition, you can also rent out your home or unlock its value through the Silver Housing Bonus or Enhanced Lease Buyback Scheme. The former lets lower-income elderly households supplement their retirement income when they right-size their flat, while the latter lets them tap on the flat to receive a stream of retirement income while continuing to live in it.

Use the tool below to estimate what your retirement payout might be like, based on the CPF LIFE Standard Plan.

How can I enjoy a retirement income for life?

This tool estimates the amount of savings in your Retirement Account that’s needed to give you your desired monthly payout from CPF LIFE, or the monthly payout you'll get from the savings you have in your Retirement Account at 55. The estimations are based on a member who turns 55 in 2018. The figures are based on 4% p.a. interest and are accurate as at 2018.



$400 38,400 41,500
$500 50,100 54,400
$600 62,800 68,400
$700 75,900 82,500
$800 89,000 96,600
$900 102,200 110,900
$1,000 115,400 125,100
$1,100 128,700 139,400
$1,200 142,000 153,700
$1,300 155,200 168,000
$1,400 168,500 182,300
$1,500 181,800 196,600
$1,600 195,100 210,900
$1,700 208,400 225,100
$1,800 221,700 239,500
$1,900 234,900 253,800
$2,00 248,200  
$10,000 110 105
$20,000 220 210
$30,000 320 300
$40,000 410 385
$50,000 495 465
$60,000 575 540
$70,000 655 610
$80,000 730 680
$90,000 805 750
$100,000 880 820
$110,000 955 890
$120,000 1,030 960
$130,000 1,110 1,030
$140,000 1,185 1,100
$150,000 1,260 1,170
$160,000 1,335 1,240
$170,000 1,410 1,310
$180,000 1,485 1,380
$190,000 1,560 1,450
$200,000 1,635 1,520
$210,000 1,710 1,590
$220,000 1,785 1,660
$230,000 1,860 1,730
$240,000 1,935 1,800
$250,000 2,010 1,870
$256,500 2,060 1,910
  • Payouts are based on CPF LIFE Standard Plan for a 55-year-old in 2018.
  • Payout is based on interest rate of 4% p.a.
  • Payout is assumed to start from the payout eligibility age of 65 which applies for those born in 1954 and after. You can see the full payout eligibility ages here.
  • CPF LIFE monthly payout may be adjusted every year to take into account factors such as CPF interest rate and mortality experience.
  • For a more detailed estimation of the payouts, please use the CPF LIFE Payout Estimator at the CPF website.
  • This tool is for illustrative purposes only and actual results may vary.
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Find out more about how you can make the most of your CPF

Read about CPF LIFE
Read our Retirement Planning booklet
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