Retirement
Is my CPF enough to retire in Singapore?
CPF gives every member a lifelong income floor. Whether it is enough depends on the sum you set aside and the life you want.
What CPF LIFE pays
| Set aside at 55 (2026) | Amount | Monthly from 65 (approx.) |
|---|---|---|
| Basic Retirement Sum | S$110,200 | S$950 |
| Full Retirement Sum | S$220,400 | S$1,780 |
| Enhanced Retirement Sum | S$440,800 | S$3,440 |
CPF illustrations for members turning 55 in 2026, Standard Plan. Your payout depends on your balances, gender and plan.
Enough for what?
A couple who own their flat outright and keep a simple lifestyle may find two Full Retirement Sum payouts cover the basics. A single person paying rent, or anyone who wants regular travel, will usually need more. Start from your own monthly budget, not a rule of thumb.
Three ways to raise it
- Top up your Special or Retirement Account in cash; it earns at least 4% and may qualify for tax relief.
- Keep the home loan small, so less Ordinary Account money is used for housing.
- Build other income: dividends, rent or part-time work to fill the gap above CPF LIFE.
Check your own numbers
Run the CPF retirement check, then the retirement gap calculator to see what else you need.
Common questions
Can I withdraw my CPF at 55?
You can withdraw savings above your cohort’s Full Retirement Sum (or Basic, with a property pledge), and at least S$5,000.
When does CPF LIFE start?
Payouts start from 65 by default. You can defer up to 70 for about 7% more for each year deferred.
Figures as of . By Jaimes Tan (陳衍通). For information only; not financial, property or legal advice.