Retirement Calculator (Singapore)
Estimate the savings you'll need for retirement, your current shortfall, and how much to set aside each month — with CPF LIFE income taken into account.
Open the free calculator →What you'll need
- Current age and target retirement age
- Expected monthly spending in retirement
- Years of retirement income to plan for
- Current savings/investments
- Return and inflation assumptions
How it works
A simple starting estimate is monthly spending × 12 × retirement years, expressed in today's dollars. CPF LIFE provides lifelong monthly payouts from your payout-eligibility age; the rest is the gap you fund through savings and investments.
Current Singapore rules
| Retirement sum (2026) | Set aside | Payout from 65 (illustrative) |
|---|---|---|
| Basic (BRS) | $110,200 | ~$950/mo |
| Full (FRS) | $220,400 | ~$1,780/mo |
| Enhanced (ERS) | $440,800 | ~$3,440/mo |
Worked example
Spending $3,000/month for 25 years ≈ $900,000 in today's dollars (before inflation and investment growth). If CPF LIFE covers ~$1,780/month, the income you must fund yourself drops accordingly.
Important assumptions
- Figures in today's purchasing power unless stated
- Return, inflation and lifespan are user assumptions, not guarantees
- Withdrawals modelled level in nominal terms
Cases not fully modelled:
- Detailed tax on investment income
- Lumpy expenses (e.g. medical events)
- Property downsizing or rental income unless entered
Official sources and verification
- CPF Board — CPF LIFE monthly payouts
- CPF Board — Retirement sums (BRS / FRS / ERS)
- MoneySense (MAS) — national financial education programme
Direct links to the relevant official pages. Rules and rates change; last checked 21 June 2026. Always confirm against the official source.
Open the free calculator →Frequently asked questions
How much do I need to retire in Singapore?
There's no single number — it depends on your spending. Start with monthly spending × 12 × retirement years, then subtract CPF LIFE and other income to find your gap.
Does CPF LIFE cover retirement?
It provides a lifelong base income, but most people need additional savings or investments on top, depending on lifestyle.
Does inflation matter?
Yes — $3,000 today buys less in 20 years. The calculator can show figures in today's purchasing power.