How much goes into CPF each month?

For employees aged 55 and under, total CPF is 37 percent of monthly wage — 20 percent from the employee and 17 percent from the employer — applied to wages up to the Ordinary Wage ceiling. That 37 percent is split across the Ordinary, Special, and MediSave accounts.

What interest do CPF accounts earn?

The calculator uses the CPF floor rates: 2.5 percent for the Ordinary Account and 4 percent for the Special, Retirement, and MediSave accounts. Extra interest applies to the first portions of your combined balances in practice, so real returns can be slightly higher.

What is the Retirement Account and CPF LIFE?

At 55 your Special Account and part of your Ordinary Account form a Retirement Account. From 65, CPF LIFE — a national annuity — pays a monthly income for life from that balance. The tool estimates the payout by drawing the Retirement Account down over your chosen horizon at 4 percent.

What is SRS and why include it?

The Supplementary Retirement Scheme is voluntary, tax-advantaged saving on top of CPF, capped at 15,300 dollars a year for citizens and PRs. Contributions reduce taxable income now, and the tool grows your SRS pot separately at the investment return you choose.

How accurate is this projection?

It is a simplified estimate using CPF floor rates and the under-35 allocation split. Actual allocation shifts with age, contribution rates step down after 55, and CPF LIFE payouts depend on your chosen plan and the prevailing Retirement Sums. Always check your official CPF statement.

Singapore Pension & Retirement Calculator

Email me this result

Get this tool's output sent to your inbox, plus one useful tool a week. No spam, unsubscribe any time.

Singapore’s retirement system is built on the Central Provident Fund — a mandatory savings scheme split across several accounts, topped by the CPF LIFE annuity and the optional SRS. This calculator projects how those contributions compound over your working life and estimates the lifelong monthly income you can expect from 65.

How it works

Each month, 37 percent of your capped wage flows into CPF and is split roughly as follows under the under-35 allocation:

Ordinary Account (OA)   ≈ 23/37 of contributions   (earns 2.5%)
Special Account  (SA)   ≈  6/37                     (earns 4%)
MediSave        (MA)    ≈  8/37                     (earns 4%)

The tool compounds each account’s contributions annually at its floor rate up to the age you stop contributing. At 55 it forms a Retirement Account from your Special Account plus part of your Ordinary Account, grows it to 65 at 4 percent, then draws it down as an annuity to estimate the CPF LIFE monthly payout. SRS is projected separately as a tax-advantaged pot growing at the return you choose.

Example and notes

A 30-year-old on 6,000 dollars a month with modest starting balances can build a substantial Retirement Account by 55, translating into a meaningful CPF LIFE payout from 65 — and adding even a few thousand dollars of SRS a year lifts the total retirement capital noticeably while cutting current income tax.

This is a planning estimate, not an official statement. The real scheme has age-based contribution and allocation changes, extra interest tiers, and CPF LIFE plan choices the model simplifies. Use it to see the shape of your retirement and the effect of saving more, then verify against your CPF and SRS statements.