If you are born in 1958 and after, when you turn 65, you can withdraw an additional amount of up to 20% of your retirement savings, excluding any cash top-ups, CPF transfers and government grants; for immediate needs. This withdrawable amount can also be used to increase your monthly payouts via the Plan my monthly payouts service. If this additional withdrawable amount in your Retirement Account is not withdrawn nor used to increase your monthly payouts, it will be transferred to your Ordinary Account for your future withdrawal when your payouts start.