How much does deferring CPF LIFE payouts increase them?

Deferring the payout start age from 65 to 70 raises monthly payouts by up to 7% for each deferred year, a maximum of about 35% at age 70. The trade-off is forgoing five years of payouts.

What is the CPF LIFE bequest?

On death, beneficiaries receive the unused premium balance — the retirement sum set aside at 55 less the payouts already received. The bequest shrinks as payouts accumulate and reaches zero once payouts exceed the premium.

Singapore CPF LIFE Payout & Bequest Calculator

Estimate CPF LIFE Standard Plan monthly payouts and the bequest to beneficiaries from the 2024 retirement sums (BRS S$102,900, FRS S$205,800, ERS S$308,700), with payout deferral to age 70.

Rule year 2024. Estimates a monthly payout range and bequest from the retirement sum set aside at 55, using the CPF Board's published 2024 Standard Plan figures.

Full Retirement Sum (FRS) — S$205,800

S$1,540 – S$1,650estimated monthly payout from age 65

Full Retirement Sum (FRS) of S$205,800 on the CPF LIFE Standard Plan, estimated for a male member.

Monthly payout (low)S$1,540

Monthly payout (high)S$1,650

Estimated bequestS$0

Total payouts receivedS$382,800

Bequest assumes death at age 85 and is the unused premium balance — the retirement sum less payouts received, floored at zero.

Assumptions: Rule year 2024. Retirement sums for members turning 55 in 2024: BRS S$102,900, FRS S$205,800, ERS S$308,700. Payout ranges are the CPF Board's published Standard Plan estimates at age 65 for a male member (BRS S$820–S$880, FRS S$1,540–S$1,650, ERS S$2,260–S$2,430). The CPF Board does not publish a female payout table; a female estimate applies a 0.94 factor to the male range because a female member receives a lower payout for the same sum. Deferring the payout start age from 65 to 70 raises payouts by up to 7% per year (up to 35% at 70), applied linearly. The bequest is the unused premium balance and excludes pooled interest. Source: CPF Board, "What is the CPF retirement sum?" and "CPF LIFE". Illustrative, not financial advice.

How It Works

Estimate CPF LIFE Standard Plan monthly payouts and the bequest to beneficiaries from the 2024 retirement sums (BRS S$102,900, FRS S$205,800, ERS S$308,700), with payout deferral to age 70

Each component has a specific meaning:

2024 retirement sums (BRS S$102 — The 2024 retirement sums (brs s$102 recorded for the scenario being assessed.
900 — The 900 recorded for the scenario being assessed.
FRS S$205 — The frs s$205 recorded for the scenario being assessed.
800 — The 800 recorded for the scenario being assessed.
ERS S$308 — The ers s$308 recorded for the scenario being assessed.
700) — The 700) recorded for the scenario being assessed.

Note: Interpret the cpf life payout result against the thresholds and context described above.

How to Use

Enter the 2024 retirement sums (BRS S$102, 900, FRS S$205, 800, ERS S$308, 700) for the scenario you are assessing. Estimate CPF LIFE Standard Plan monthly payouts and the bequest to beneficiaries from the 2024 retirement sums (BRS S$102,900, FRS S$205,800, ERS S$308,700), with payout deferral to age 70. Use the cpf life payout result to inform your calculation.

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