Can someone explain to me what does it mean by lifelong payouts from CPF life? Means even if I have only 50k in my RA and it runs out means I will still have some sort of payout forever?

To add on to the earlier reply, even if you have less than $60k in your Retirement Account by age 65, you can still choose to join CPF LIFE to enjoy the lifelong payouts. And these payouts won't run out even after all the money has been paid out. That is the essence of an annuity, or longevity insurance.

Hi Anon, to be placed on CPF Life, you'll need at least 60k in your RA by the payout eligibility age as this is the minimum premium.

This will then give you a lifetime payout.

Without 60k you'll be placed on the older RSS scheme that will pay you only until 90 years old where then your RA will be 0.