Singapore has officially confirmed that eligible retirees enrolled in the CPF LIFE Standard Plan will receive monthly payouts ranging from $1,560 to $1,670 in 2025.
This update aligns with the government’s goal to provide sustainable, lifelong retirement income for its ageing population. These figures reflect a steady increase in monthly retirement income for those who have saved at or above the Full Retirement Sum (FRS) in their CPF accounts by age 55.
Who Qualifies for the $1,560–$1,670 Payout?
The monthly payout range applies primarily to CPF members who have chosen the Standard Plan under CPF LIFE and who have set aside the Full Retirement Sum (FRS) of approximately $205,800 by age 55 in 2025.
These payouts typically begin from the age of 65, unless the member chooses to delay the start up to age 70, which would result in higher monthly payouts.
Those with the Basic Retirement Sum (BRS) or who opt for the Escalating Plan or Basic Plan may receive different amounts, depending on their individual savings and retirement choices.
Monthly CPF LIFE Payout Estimates for 2025
| Retirement Savings at Age 55 | Monthly Payout (Standard Plan) | Starting Age |
|---|---|---|
| $205,800 (Full Retirement Sum) | $1,560 – $1,670 | 65 |
| $308,700 (Enhanced Retirement Sum) | $2,180 – $2,330 | 65 |
| $137,000 (Basic Retirement Sum) | $850 – $950 | 65 |
These payouts are structured to last a lifetime, regardless of how long the member lives, ensuring stable income throughout old age.
When Will Payments Start?
For members turning 65 in 2025, CPF LIFE payouts will begin on the birth month unless a delayed payout start age is chosen. Once started, payments are disbursed monthly, typically by the fourth working day of each month, directly into members’ bank accounts registered with CPF.
The CPF Board sends members an advisory about 6 months before their 65th birthday, allowing them to choose when to start their payouts and confirm their plan selection. Those who do not make a selection are automatically enrolled into the CPF LIFE Standard Plan.
Benefits of Higher Monthly Payouts
The advantage of receiving $1,560 to $1,670 per month is particularly significant for middle-income retirees. It allows them to cover basic living expenses, healthcare needs, utilities, and food without relying on additional income sources. For many, this also complements other schemes like Silver Support or Workfare Income Supplement, if eligible.
Planning Ahead for Maximum Retirement Income
Singaporeans are encouraged to start planning early especially those in their 40s and 50s by topping up their CPF Retirement Account or making voluntary contributions to increase their eventual payouts.
Tools like the CPF LIFE Estimator are available to help members forecast their retirement income based on their current savings and contribution habits.