Median projected CPF monthly payouts at age 65 and 70

This table is available for download in excel format (xlsx, 11KB)

 

Year Median payouts at age 65 (S$)Median payouts at age 70 (S$)
2021570740
2022620810
2023680890
2024720950
20257601,000

 

Notes

  • Includes all members who are eligible to start their payouts at age 65 in the respective years and assumes all members are on the CPF LIFE standard plan.
  • Age 70 is the latest payout start age, to facilitate effective decumulation of CPF savings during member's lifetime.

Median projected CPF monthly payouts at age 65 and 70 if members did not make lump sum withdrawals before age 65

This table is available for download in excel format (xlsx, 12KB)

 

Year Age 65Age 70
Total median payout (S$)Additional payout (S$)Total median payout (S$)Additional payout (S$)
2021670100880140
2022720100940130
20237801001,020130
20248501301,120170
20259201601,200200

 

Notes

  • Includes all members who are eligible to start their payouts at age 65 in the respective years and assumes all members are on the CPF LIFE standard plan.
  • Age 70 is the latest payout start age, to facilitate effective decumulation of CPF savings during member's lifetime.
  • Lump sum withdrawal before 65 refers to retirement withdrawals made from age 55 e.g., unconditional withdrawals of up to $5,000 or withdrawals in excess of the required retirement sums.
  • Members who wish to boost their monthly payouts may transfer the withdrawable amounts from their Ordinary Account into the Retirement Account.