Singapore calculator

Retirement Calculator Singapore - 2025

Our free retirement calculator helps you make informed financial decisions in Singapore. Whether you are planning your budget, evaluating a loan, or projecting investment growth, our calculator provides accurate results based on Singapore specific rates and regulations.

At a Glance

How much do I need to save for retirement in Singapore?

The CPF LIFE scheme provides lifetime payouts from $850/month (BRS) to $2,300/month (ERS). SRS ($15,300/yr cap) and personal savings supplement CPF. Use our retirement calculator for your personalized 2025 projection.

Quick Answer

How much do I need to save for retirement in Singapore?

Retirement in Singapore centers on the CPF Retirement Sum (BRS $99,400 → $850/mo, FRS $198,800 → $1,700/mo, ERS $298,200 → $2,300/mo via CPF LIFE). Combined with SRS tax-advantaged savings ($15,300/yr) and personal investments, a comfortable retirement for a couple requires approximately $4,000-$6,000 monthly. Our retirement calculator factors in CPF contributions (20% employee + 17% employer), the Retirement Sum targets, CPF LIFE payouts, SRS growth, and personal savings to project your full retirement picture.

Retirement Savings Calculator

Projects retirement savings growth and determines if you are on track

Inputs

Current Age

Retirement Age

Life Expectancy

Current Savings

Monthly Contribution

Expected Return Rate

Current Annual Income

Desired Income Replacement Rate

Inflation Rate

Results

Retirement Outlook

Savings at RetirementS$2,334,883.68

Monthly Retirement IncomeS$7,782.95

Target Savings NeededS$4,502,179.93

Savings GapS$2,167,296.25

StatusBehind Target

Withdrawal Rate4.00%

How to Use the Retirement Calculator

Follow these simple steps to get accurate results in just a few clicks.

1
Check your CPF Retirement Account
Log in to CPF Board to view your RA balance at 55. The BRS ($99,400), FRS ($198,800), or ERS ($298,200) affects your CPF LIFE payouts.
2
Enter your current CPF savings
Input your OA, SA, and MA balances in S$. The calculator projects age-55 RA formation and CPF LIFE payouts.
3
Add SRS contributions
Include your annual SRS contributions ($15,300 max for SC/PR). These are tax-deductible and grow tax-deferred.
4
Choose your retirement age
Select your CPF LIFE payout start age (65 standard, up to 70 for 6% higher per deferred year). SRS access age is 63.
5
View your retirement projection
See CPF LIFE monthly payouts, SRS balance, total ongoing contributions, and estimated monthly retirement income.

Retirement Planning in Singapore

Plan your retirement with confidence using our Singapore-specific calculator. Factor in pension schemes, retirement age, life expectancy, and cost of living in Singapore.

Singapore Pension and Retirement

Understanding your retirement options in Singapore is crucial. Our calculator accounts for state pensions, private superannuation, and tax-advantaged retirement accounts available to residents.

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Frequently Asked Questions

How much do I need for retirement in Singapore?

The CPF Retirement Sum scheme targets: Basic Retirement Sum (BRS) of $99,400 for basic retirement ($850/month), Full Retirement Sum (FRS) of $198,800 for a higher payout ($1,700/month), and Enhanced Retirement Sum (ERS) of $298,200 for maximum CPF LIFE ($2,300/month). These are 2024 figures, adjusted annually for inflation. Personal savings beyond CPF are important for a comfortable retirement in expensive Singapore.

What is CPF LIFE and how does it work?

CPF LIFE (Lifelong Income For the Elderly) is the national longevity insurance annuity. At age 65, your Retirement Account (formed from OA, SA, and MA savings at 55) is automatically enrolled. You choose a plan: Standard (higher monthly payouts, bequest lower), Basic (lower payouts, more bequest), or Escalating (increasing payouts). Payouts continue for life regardless of how long you live, protecting against longevity risk.

What CPF savings can I use for retirement?

At age 55, your CPF savings are split: Retirement Account (RA) formed with savings up to the Full Retirement Sum, remaining OA and SA balances can be withdrawn (subject to rules). At 65, CPF LIFE starts monthly payouts. You can defer payouts until 70 for 6% higher payouts per year deferred. You can withdraw up to 20% of your Retirement Account savings at 65 (after setting aside BRS/FRS).

What is the SRS retirement scheme?

The Supplementary Retirement Scheme (SRS) complements CPF. Contributions up to $15,300/year (SC/PR) are tax-deductible. Withdrawal age is 63 (rising to 64). Only 50% of withdrawals are taxable. Unlike CPF, SRS is not mandatory. SRS savings are invested in accordance with your risk profile. It provides additional retirement income flexibility alongside CPF LIFE payouts.

How does inflation affect CPF savings?

CPF OA earns 2.5% (above long-term inflation of 1-3%). SA earns 4.08% + up to 1% extra on first $60k, providing real returns after inflation. CPF LIFE payouts are not inflation-adjusted, but the Retirement Sum increases yearly (typically 3-5%), meaning later cohorts get higher nominal payouts. Personal investments through SRS and CPFIS should target 5-7% returns to maintain real purchasing power.

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Last Updated: June 2026 — Reviewed Against Official Sources

Official Sources

Singapore calculators use data from the following official government agencies:

Inland Revenue Authority of Singapore (IRAS) — Personal income tax rates, reliefs, and rebates.
SingStat (Department of Statistics Singapore) — Economic indicators, wage data, and household statistics.
Ministry of Finance (Singapore) — Fiscal policy, GST rates, and government budget data.
CPF Board — CPF contribution rates, allocation ratios, and withdrawal rules.

Methodology

Our Singapore calculators follow income tax rates, CPF contribution rates, and GST rates published by IRAS and the Ministry of Finance. Economic data is sourced from SingStat and the Department of Statistics. All figures are for educational purposes and should be verified with a qualified professional.

Data Sources

All tax brackets, contribution rates, and economic data used in our calculators are sourced from the official government publications listed above. Rates are updated at least annually to reflect the latest tax year and regulatory changes. Users should verify critical figures with official sources or qualified professionals.

Last updated: June 2026. Information may change; always verify with official sources.