How are monthly payouts calculated if I am not on CPF LIFE?
If you are not on CPF LIFE, your monthly payouts are calculated to last you for up to 20 years. This takes into account the projected growth of your retirement savings at the current base interest rate of 4% p.a..
As Singaporeans live longer, more than half of Singaporeans who are 65 today are expected to live more than 20 years. To protect you against the risk of outliving your payouts, the extra interest paid by the Government (up to 2% per year) on your retirement savings is used to extend your payouts beyond 20 years, up to 90* or another five years, whichever ends later.
*Up to age 90, or another five years, whichever ends later.
Use this payout estimator
to check how much monthly payouts you can receive from your retirement savings.