How is the amount of CPF savings I can withdraw from age 55 determined?
If you have set aside your Full Retirement Sum (FRS), fully in cash or with a mixture of property and cash:
- You can withdraw any amount from your Ordinary Account (OA)
If you have not set aside your FRS:
- You can withdraw some of your OA savings based on your year of birth:
| Year of Birth | Withdrawable Any Time After Turning Age 551 | Additional Withdrawable Any Time After Turning Age 652 |
|
1953 and before | 50% of your OA savings | N.A. |
| 1954 | 40% of your OA savings | N.A. |
| 1955 | 30% of your OA savings | N.A. |
| 1956 | 20% of your OA savings | N.A. |
| 1957 |
10% of your OA savings |
Up to 10% of your Retirement Account (RA) savings at 65, excluding any cash top-ups, CPF transfers and government grants |
| 1958 and after |
$5,000 of your OA savings |
Up to 20% of your RA savings at 65, excluding any cash top-ups, CPF transfers and government grants, less the $5,000 withdrawable from 55 |
1 Some of your OA savings will be transferred to your RA to make up your FRS when you make a withdrawal. This transfer will take place for every withdrawal until you have set aside your FRS.
2 Amount withdrawable is computed based on your RA and any CPF LIFE premium balances at 65. If there is any remaining amount not withdrawn or used to increase your monthly payouts, it will be transferred to your OA for your future withdrawals in the same month as you start your monthly payouts.
This information is sourced from CPF
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