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 for up to 20 years based on the prevailing base interest rate earned on your Retirement Account savings when you start your payouts.
As Singaporeans live longer, more than half of those aged 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 age 90* or another five years, whichever ends later.
*Up to age 90, or another five years, whichever ends later.
You can use the payout estimator
to estimate the amount of monthly payouts you can receive from your retirement savings.