The CPF Retirement Sum Scheme is one of the CPF schemes for us to utilize the money in our CPF. In fact, in my opinion, it is the most important CPF scheme as it will determine the ‘fate’ of the savings we painstakingly built up throughout the working life.

Unless we are approaching the magic number of age 55 to be eligible for CPF withdrawal (after setting aside the Retirement Sum), chances are we will not be able to determine the amount of CPF savings we will have by then. Furthermore, there involve an uncertainty with the expected annual increase in the Retirement Sum.

This makes many Singaporeans wonder if they will ever have enough CPF savings to withdraw a lump sum when they reach 55. Let’s get down to it.

Adapted from CPF website


How much monthly payout will I receive at age 65?

The amount of retirement …