CPFB | Build my desired retirement income

Building a retirement income

Planning for a steady stream of income from CPF LIFE gives you the freedom to focus on your passions and achieve greater peace of mind during retirement. Get to know the choices you can take to make the most of your savings today.

Michael shape your best life by starting early on your retirement plan

Build your plan starting from one of three CPF LIFE plans

Your CPF savings have been growing to prepare you for your golden years. There are 3 plans to suit different retirement needs. To better maintain your lifestyle even as the prices of items increase, consider the CPF LIFE Escalating Plan to enjoy monthly payouts that grow by 2% every year.

Start your payouts anytime from age 65 to 70

If you do not need the monthly payouts at this point in time, you have the option to defer. For every year you defer, your payouts will increase by up to 7%. Payouts will start automatically at age 70 if you have not chosen to start earlier.

Investing for different life stages

Aim to retire debt-free and have a clear idea of your lifestyle requirements to determine how much you will need to retire comfortably. If you are considering investing, review your risk tolerance as it can change over different milestones in your life.

Give your retirement plan a boost with these 5 tips

Charlie and Jolene talked about how you can make the most of your CPF savings and choose the a suitable CPF LIFE plan

Learn more about retirement planning with Charlie, a CPF member and Jolene, an Institute for Financial Literacy Trainer. Watch how you can make the most of your CPF savings and choose a suitable CPF LIFE plan to live out your passions in your golden years.

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Here's how others are making the most of their CPF

"To plan ahead, I set my retirement goals at different phases of my life. I top up my CPF account to grow my retirement savings steadily. I think it is a good habit to save part of my income for my retirement, healthcare and housing needs."

- Edward Lee, 35, Entrepreneur

"My goal is to ensure my Basic Healthcare Sum (BHS) and Full Retirement Sum (FRS) are met before 55. For any excess savings, I invest based on my risk appetite and make sure I have at least 6 months of emergency funds."

- Choo Wait Kit, 45, Civil Servant

Start planning today

CPF Planner

Not sure how much you may need? Use the CPF Planner to set an estimate and see how close you are to your retirement goals.

Let's start

Make a cash top-up

The earlier you top up, the more your savings can grow into higher payouts to support your goals.

Top up now

MoneySense speak to a trainer from the Institute for Financial Literacy

Speak to an Institute for Financial Literacy Trainer

It is never too early to start thinking about your desired retirement lifestyle. Make an appointment with a trainer from the Institute for Financial Literacy (IFL), MoneySense's ground outreach arm, to help you visualise, plan, and reach your retirement goals.

Find out more

Build my desired retirement income

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Building a retirement income

Give your retirement plan a boost with these 5 tips

Here's how others are making the most of their CPF

Start planning today

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Building a retirement income

Give your retirement plan a boost with these 5 tips

Here's how others are making the most of their CPF

Start planning today