CPF LIFE Payout Calculator (2026)
Estimate your monthly lifelong payouts from CPF LIFE based on your Retirement Account balance.
What is the CPF LIFE Payout Calculator?
The CPF LIFE Payout Calculator estimates your monthly lifelong payouts under Singapore's national annuity scheme. It compares the Standard, Basic, and Escalating plans based on your Retirement Account balance, helping you plan for retirement income from age 65 onwards.
Enter your RA balance to estimate CPF LIFE monthly payouts
Quick Reference
- • CPF LIFE payouts start from age 65 (deferrable to age 70)
- • Each year of deferral increases payouts by approximately 7%
- • Three plan options: Standard, Basic, and Escalating (+2%/year)
- • RA earns 4.0% p.a. base interest (up to 6.0% with extra interest for age 55+)
How CPF LIFE Works
CPF LIFE is Singapore's national annuity scheme that converts your Retirement Account savings into monthly payouts for life. It ensures you receive a steady income stream throughout retirement, no matter how long you live.
There are three plan options. The Standard Plan provides higher monthly payouts with a lower bequest. The Basic Plan provides lower payouts but leaves more for your beneficiaries. The Escalating Plan starts lowest but grows by 2% each year to help keep up with inflation.
Payouts begin at age 65 by default, but you can defer up to age 70. Each year of deferral increases your monthly payout by approximately 7% thanks to the additional interest earned on your RA balance during the deferral period.
Standard Plan
Highest monthly payouts, lower bequest
Default plan for most members
Basic Plan
Lower monthly payouts, higher bequest
Best for leaving more to beneficiaries
Escalating Plan
Starts lowest, increases 2% yearly
Helps offset inflation over time
Frequently Asked Questions
What is CPF LIFE?expand_more
CPF LIFE (Lifelong Income For the Elderly) is a national annuity scheme that provides Singapore citizens and permanent residents with monthly payouts for life starting from your payout eligibility age (currently 65). It is funded by your Retirement Account savings and is designed to ensure you never outlive your retirement funds.
What is the difference between Standard, Basic, and Escalating plans?expand_more
The Standard Plan provides higher level monthly payouts with a lower bequest. The Basic Plan provides lower monthly payouts but leaves a higher bequest for beneficiaries. The Escalating Plan starts with the lowest payouts but increases by 2% each year to help offset inflation. Most members are on the Standard Plan by default.
When do CPF LIFE payouts start?expand_more
CPF LIFE payouts start from your payout eligibility age, which is currently 65. However, you can choose to defer your payouts up to age 70. Deferring increases your monthly payout by approximately 7% for each year of deferral, as your RA balance continues to earn interest.
Can I defer my CPF LIFE payouts to age 70?expand_more
Yes, you can defer your CPF LIFE payouts from age 65 up to age 70. Each year of deferral increases your monthly payout by roughly 7% due to the additional interest earned on your Retirement Account balance. This can significantly boost your lifetime monthly income.
What happens to unused CPF LIFE balance when I pass away?expand_more
When a CPF LIFE member passes away, the remaining balance in the Retirement Account (less any payouts already received, depending on the plan) is distributed to nominated beneficiaries. The Basic Plan generally provides a higher bequest than the Standard Plan. The Escalating Plan bequest falls between the two.
Sources
- • CPF Board (cpf.gov.sg) — CPF LIFE plan details, payout estimator, and eligibility rules
- • CPF Board — Retirement Account interest rates and deferral payout increments