CPF Life Estimator (2026)

CPF Life (CPF Lifelong Income For the Elderly) is a national annuity scheme that provides Singaporeans and Permanent Residents with monthly payouts for life starting from age 65. It is funded by your Retirement Account (RA) balance. All CPF members born in 1958 or later with at least $60,000 in their RA at age 65 are automatically enrolled.

The three plans are: Standard Plan (default) — provides level monthly payouts throughout retirement. Escalating Plan — starts with lower payouts that increase by 2% each year to keep up with inflation. Basic Plan — provides the highest initial payouts but decreases over time, with a larger bequest to beneficiaries. Most members are on the Standard Plan.

CPF Life payouts begin at your payout eligibility age, which is 65 for most members. You can choose to defer your payouts up to age 70 for higher monthly amounts — each year of deferment increases payouts by approximately 6-7%. You can also start earlier from age 65 if you meet the eligibility criteria.

Your CPF Life payout depends on your RA balance at age 55 and how much it grows by 65. As a rough guide: BRS of $110,200 provides about $850-$950 per month, FRS of $220,400 provides about $1,640-$1,780 per month, and ERS of $440,800 provides about $3,150-$3,440 per month. Actual amounts depend on your plan choice and prevailing interest rates.

Yes, you can switch between CPF Life plans, but only during certain windows. You can switch plans once within 30 days of your first payout month, and once per calendar year thereafter. Changes take effect from the following month. It is advisable to carefully consider your choice before payouts begin, as frequent switching is not recommended.