Retirement Income Calculator (2026)

Most financial planners recommend targeting 60-70% of your pre-retirement monthly income. For a comfortable retirement in Singapore, this typically means $2,000-$4,000 per month for a single person, or $3,500-$6,000 for a couple. The exact amount depends on your lifestyle, housing situation, healthcare needs, and whether you have dependants.

The four main sources are: CPF Life monthly payouts (starts at age 65, lifelong), SRS withdrawals (spread over 10 years from age 63, only 50% taxable), investment portfolio returns (dividends, rental income, capital drawdown), and other income such as part-time work, annuities, or family support. A well-diversified retirement plan uses multiple sources.

If your projected income falls short of your target, you have several options: increase CPF savings through voluntary top-ups (up to ERS), maximise SRS contributions for tax savings and growth, build an investment portfolio generating passive income, consider delaying retirement by a few years to grow your nest egg, reduce your target spending by downsizing housing or adjusting lifestyle expectations, or explore part-time work in retirement.

CPF Life provides a guaranteed, risk-free income floor that lasts for life — think of it as your baseline. Personal investments (stocks, bonds, REITs, property) can provide higher returns but carry market risk. The ideal strategy combines both: CPF Life covers essential expenses (housing, food, utilities), while investments fund discretionary spending (travel, hobbies, dining). This way, market downturns do not affect your basic needs.