If you are not on CPF LIFE, your monthly payouts are calculated to last for up to 20 years from your
Payout Eligibility Age (PEA) – the age at which you can start receiving your monthly payouts, based on the
prevailing base interest rate earned on your Retirement Account (RA) savings when you start your payouts.
If you chose to defer your payouts to a later age i.e. up to age 70, your monthly payouts will similarly be calculated to last for up to 20 years from your PEA. This allows you to receive a higher monthly payout.
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
Monthly payout estimator to estimate the amount of monthly payouts you can receive from your retirement savings.
