How much CPF savings can I withdraw from age 65?
You can check the CPF savings you can withdraw by logging into your Retirement dashboard.
The amount that you can withdraw is determined as follows:
| Born in | Amount withdrawable from Ordinary Account (OA) | Amount withdrawable from Retirement Account (RA) | ||
| If you have set aside your Full Retirement Sum (FRS). | If you have not set aside your FRS | |||
| 1958 onwards | Any amount from your OA | Up to $5,000, including any amount withdrawn before turning 651 | 20% of your RA balance as at age 652 excluding, generally, any cash top-ups, CPF transfers and government grants3, less $5,000 | |
| 1957 | Any amount from your OA | 10% of your OA savings1 | 10% from your RA balance as at age 652 excluding, generally, any cash top-ups, CPF transfers and government grants3. | |
| 1956 | Any amount from your OA | 20% of your OA savings1 | Nil | |
| 1955 | Any amount from your OA | 30% of your OA savings1 | Nil | |
| 1954 | Any amount from your OA | 40% of your OA savings1 | Nil | |
| 1953 or earlier | Any amount from your OA | 50% of your OA savings1 | Nil | |
For example: John is born in 1960 and has set aside his FRS. He has $10,000 in his OA and $220,000 in his RA (of which $20,000 is made up of cash top-ups, CPF transfers and government grants) at age 65. John can withdraw $45,000, comprising $10,000 from OA and $35,000 from RA (calculated as [(($220,000 - $20,000) x 20%) - $5,000].
1Upon your withdrawal, non-withdrawable amounts in your OA may be transferred to your RA to make up your FRS. This transfer occurs with each withdrawal until you have set aside your FRS.
2If you are an existing CPF LIFE member who had joined the scheme before you turned 65, the balances used to compute your additional withdrawable savings from 65 will include your CPF LIFE premium balance.
3Cash top-ups, CPF transfers and government grants are meant to be set aside for retirement and will be streamed out to you as monthly payouts.
2If you are an existing CPF LIFE member who had joined the scheme before you turned 65, the balances used to compute your additional withdrawable savings from 65 will include your CPF LIFE premium balance.
3Cash top-ups, CPF transfers and government grants are meant to be set aside for retirement and will be streamed out to you as monthly payouts.
This information is sourced from CPF
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