Free Singapore retirement corpus calculator. Enter current age, retirement age, savings, CPF balance, and monthly contributions to see if you are on track for retirement.
Project your Singapore retirement corpus including CPF and personal savings.
Projected retirement corpus
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Personal savings at retirement
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Projected CPF balance
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Required corpus (25x monthly)
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Surplus / shortfall
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Your breakdown
Updates live as you type
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The two pillars of Singapore retirement: CPF and personal savings
Most Singaporeans retire on a combination of CPF LIFE payouts and their own personal savings and investments. CPF is the mandatory foundation: monthly contributions from both employer and employee flow into the Ordinary, Special, and MediSave accounts, earning guaranteed rates of 2.5 to 4 percent per year. At age 55 a Retirement Account is created and the savings transfer into it to eventually fund CPF LIFE, which pays a monthly income for life from age 65. CPF LIFE covers the baseline, but comfortable retirement for most people requires personal savings on top. This calculator combines both, projecting CPF growth at a blended 3.5 percent assumption and your personal savings at the rate you choose.
Using the 25x rule in a Singapore context
The 25x rule (also known as the 4 percent rule) says you need a corpus of 25 times your annual retirement spending to sustain withdrawals of 4 percent per year indefinitely. This calculator uses 25 times monthly spending times 12 as the required corpus. In a Singapore context this is a useful starting point but has limitations: CPF LIFE already covers part of your monthly spending, so the personal-savings corpus you need is 25 times the gap between your target spending and your expected CPF LIFE payout. The calculator shows a combined corpus including CPF for context, but the personal savings figure minus your CPF LIFE income gap is the true retirement planning target. A combined CPF and personal corpus of $1 million is a common planning milestone for middle-income Singaporeans targeting a comfortable retirement.
Voluntary CPF top-ups as a savings accelerator
The Special Account earns 4 percent per year, guaranteed by the government, making it one of the best risk-free returns available in Singapore for long-term savings. Voluntary cash top-ups to your SA or RA under the Retirement Sum Topping-Up Scheme are deductible for income tax purposes up to $8,000 per year for your own account and a further $8,000 for a family member’s account. This dual benefit of tax deduction plus a guaranteed 4 percent return makes voluntary CPF top-ups highly effective for workers in the 11.5 percent tax bracket or above. The SRS is a complementary account that also earns a deduction and can be invested in a broader range of products including unit trusts, ETFs, and Singapore-listed shares.
Frequently asked questions
How much CPF do I need for retirement in Singapore?
The CPF Board sets a Full Retirement Sum (FRS) each year. For 2025 the FRS is $213,000. Members who meet the FRS by age 55 (held in CPF Retirement Account) receive CPF LIFE payouts from age 65 of approximately $1,500 to $1,700 per month for life, depending on the plan chosen (Standard, Escalating, or Basic). Setting aside the FRS or the Enhanced Retirement Sum of $426,000 is the primary target for CPF retirement planning. Your other savings, investments, and SRS funds are then planned around topping up the gap between CPF LIFE payouts and your actual retirement spending.
What is a reasonable retirement spending figure for Singapore?
The Lee Kuan Yew School of Public Policy publishes an Elderly Budget study that estimates a comfortable monthly budget for a single elderly Singaporean at approximately $1,379 (basic needs) to $1,721 (adequate lifestyle) in 2023 prices, and higher for couples. CPF LIFE from the FRS covers the adequate baseline for most, but retirees aiming for a more comfortable lifestyle, travel, or healthcare costs beyond MediShield Life coverage will need personal savings on top. A frequently used rule of thumb is targeting 70 to 80 percent of pre-retirement income in retirement spending.
What return rate should I use for my personal savings projection?
A conservative but reasonable long-run assumption for a diversified equity and bond portfolio is 5 to 7 percent nominal per year before inflation. CPF OA earns 2.5 percent and SA earns 4 percent, guaranteed by the government. For a blended personal portfolio this calculator defaults to 5 percent, but you can adjust it. The Retirement Account earns at least 4 percent. SRS investments in unit trusts or equities may earn more but with higher risk. Using 5 percent nominal is prudent for planning because it leaves a safety margin versus historical equity returns.
What happens if my projected corpus falls short?
If the projection shows a shortfall against your retirement spending target, the main levers are: increasing monthly savings now, extending your working years by one or two years (which both adds savings and shortens the drawdown period), reducing planned retirement spending, and maximising CPF by making voluntary top-ups to the SA or RA before age 55. The CPF SA earns 4 percent guaranteed, making it one of the most attractive risk-free savings options in Singapore for long-term retirement money. Even small increases in monthly savings compounded over 20 years have a large effect on final corpus.