If you are on CPF LIFE* in retirement, topping up your Special or Retirement Account will increase your CPF LIFE monthly payouts. The extent of increase depends on a few factors including your age when you make the top-up. The earlier you make the top-up, the more your monthly payouts will increase. This is because your top-up amount grows with compound interest over time, which means it earns interest, and then that interest also starts earning interest.

 

Here are some examples of the expected increase in payouts:

 

One-Time Top-Ups:

• A $2,000 top-up made at age 65 will increase your monthly payout by about $10**.
• The same $2,000 top-up made at age 25 will increase your monthly payout by about $50.

Regular Monthly Top-Ups of $100:

• Monthly top-ups from age 55 to 65 (over 10 years) will result in an increase of about $70 in your monthly payout.
• Monthly top-ups from age 25 to 35 (over 10 years) will result in an increase of about $240 in your monthly payout.

For more personalised estimates, use the CPF Retirement Payout Planner. This tool helps you project your monthly CPF payouts in retirement and simulate the effect of different top-up amounts on your monthly payout.