Understanding the CPF Retirement Sums
The Central Provident Fund (CPF) retirement sums are a cornerstone of Singapore's retirement planning framework. These sums, adjusted by the CPF Board, act as benchmarks to help Singaporeans save for their golden years. There are three tiers: the Basic Retirement Sum (BRS), Full Retirement Sum (FRS), and Enhanced Retirement Sum (ERS), each corresponding to a different level of monthly retirement payouts under the CPF LIFE scheme. The specific sums that apply to you are fixed in the year you turn 55, with the exception of the ERS which is adjusted annually. The annual increment of these sums is designed to keep pace with inflation and an improving standard of living, ensuring that future payouts remain adequate for future cohorts of retirees.
For CPF members turning 55 in 2025, the Basic Retirement Sum (BRS) is S$106,500. The Full Retirement Sum (FRS) is double the BRS, amounting to S$213,000. And the Enhanced Retirement Sum (ERS), which from 2025 is four times the BRS, is S$426,000. These tiers determine the monthly payouts you will receive from age 65 under the CPF LIFE scheme, with the BRS intended to cover essential living expenses with a property pledge, FRS offering a higher payout, and ERS for those seeking even higher payouts for a more comfortable lifestyle.
Retirement Sums for the 2025 Cohort
For those born in 1970 and reaching age 55 in 2025, the CPF retirement sums are specifically set. At age 55, your CPF Special Account (SA) and Ordinary Account (OA) savings will be transferred to a newly created Retirement Account (RA), up to your Full Retirement Sum.
| Retirement Sum | Amount for 2025 Cohort (Age 55) | Estimated Monthly Payouts from Age 65* |
|---|---|---|
| Basic Retirement Sum (BRS) | S$106,500 | S$860 – S$930 |
| Full Retirement Sum (FRS) | S$213,000 | S$1,610 – S$1,730 |
| Enhanced Retirement Sum (ERS) | S$426,000 | S$3,100 – S$3,330 |
*Estimated payouts are based on the CPF LIFE Standard Plan and are subject to change. Higher payouts can be achieved by deferring payouts to a later age, up to 70.
Setting Aside Your Retirement Sum
When you turn 55, savings from your SA and OA are transferred to your Retirement Account (RA) up to your cohort's Full Retirement Sum (FRS). If your combined SA and OA balances exceed the FRS, excess funds can be withdrawn or topped up to the Enhanced Retirement Sum (ERS). Property owners can pledge their property to set aside only the BRS, allowing withdrawal of the amount above it in their RA, provided the property lease lasts until at least age 95.
Recent CPF Changes (2025)
Significant changes came into effect in 2025. The Special Account (SA) for members aged 55 and above was closed, with SA savings transferred to the RA (up to FRS) and the remainder to the OA. The Enhanced Retirement Sum (ERS) was also increased to four times the BRS, offering the option for higher monthly payouts. Additionally, the Matched Retirement Savings Scheme (MRSS) now provides a dollar-for-dollar government matching grant for eligible cash top-ups to the RA, with the annual cap raised to S$2,000.
Optimising Your Retirement Savings
Proactive retirement planning is crucial. Increase monthly CPF LIFE payouts through voluntary cash top-ups to your RA up to the ERS. CPF savings earn attractive interest rates, with the government extending the 4% floor rate on certain savings until end-2026. Deferring CPF LIFE payouts up to age 70 can increase monthly payouts by up to 7% for each year deferred. For more information, visit the official CPF Board website.
Beyond the Retirement Sums
The CPF retirement sums are a baseline; personal needs depend on lifestyle, health, and other income sources. Consider minimum household budget studies and factor in inflation and medical costs. Supplement CPF LIFE with private annuities, investments, or schemes like the Lease Buyback Scheme. Staying informed on CPF policy updates helps optimize savings.
Conclusion
The current retirement sums in Singapore for those turning 55 in 2025 are S$106,500 (BRS), S$213,000 (FRS), and S$426,000 (ERS). These are vital benchmarks for retirement planning, adjusted to keep pace with living costs. Understanding these tiers, leveraging top-ups, and considering payout deferment enables Singaporeans to build a secure financial future. A proactive approach alongside available CPF schemes is key for a worry-free retirement.
