I shared in a recent blog on the possibility of withdrawing my CPF savings from age 55. I also shared that my plan is really to let my CPF savings grow and to enjoy a monthly income from CPF LIFE from age 65. See: Withdrawing CPF savings: How much and how? (Maximising CPF-SA savings and returns?) CPF LIFE is an annuity. What is an annuity? "An annuity is a series of payments made at equal intervals." Source: Wikipedia. "Annuity holders cannot outlive their income stream, which hedges longevity risk." Source: Investopedia. So, the money we put in our Retirement Account (RA) which will be created for us at age 55 is used to join CPF LIFE. CPF LIFE the annuity will pay us a monthly income from age 65 at the earliest for as long as we live. 1. How much we will receive monthly from CPF LIFE will partially depend on how much money we put in our RA at age 55....