What if CPF RA exceed Enhanced Retirement Sum (ERS) at age 55? If choose not to withdraw, how much CPF life can pay? Using 1M65 as an example, how much CPF life pays based on 1million balance at 65?

Curious about a scenario where CPF Enhanced Retirement Sum is achieved at 55 and RA balance achieve 1m by 65. CPF calculator only compute up to $500k RA balance I think.. Appreciate members' view here. Like to see if CPF should be the preferred place to rely on consistent CPF payouts for life.. Thank you!

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Pl

24 Mar 2024

Hi, if I top up my RA to ERS in 2025 but later decide on FRS plan at age 65, what happens to the accrued interest in my RA and surplus not placed in FRS payout ?

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Just_Saying

22 Sep 2020

Refer to https://www.cpf.gov.sg/Members/Schemes/schemes/...

I do not think 1M65 will have an impact on the CPF Life Payout.

It is strictly based on the CPF Life Premium paid, gender, age, the CPF LIFE plan, CPF interest rates and mortality rates.

Having 1 Million in your CPF balance after creating RA account however does supplement your CPF Life Payout, as you are able to grow the balance CPF at decent interest.

Considering that you are age 55, opted for ERS of 271500 (current ERS), starting payout at 65, you will be able to receive $2,030 - $2,180 per month for Standard Plan based on a CPF Life premium of $404,300 by the time you reach 65.

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