Minimum sum for CPF Life

This is the amount you NEED to set aside in your CPF account to contribute to CPF LIFE at age 55. 

	2019	2020	2021	2022
BRS	88,000	90,500	93,000	96,000
FRS	176,000	181,000	186,000	192,000
EHS	264,000	271,500	279,000	288,000

Projected value
	2023		2024	2025	2026	2027
BRS	98,880		101,846	104,902	108,049	111,290
FRS	197,760		203,693	209,804	216,098	222,581
EHS	296,640		305,539	314,705	324,147	333,871

Basic Retirement Sum (BRS)

Full Retirement Sum (FRS)

Enhanced Retirement Sum (ERS)

CPF Life Payout (based on sum set aside at 2020)

​CPF LIFE premium	Your monthly payout for life from 65 onwards​
	​Standard Plan (default plan)	Escalating Plan​	Basic Plan
$141,500 [Projected amount at age 65 based on Basic Retirement Sum (BRS) of $90,500 set aside at age 55]	$750 - $810	$580 - $640 (initial amount) Payouts increase by 2% every year ​	$710 - $740 (Will progressively decline from around age 88)
​$272,900 [Projected amount at age 65 based on Full Retirement Sum (FRS) of $181,000 set aside at age 55]	$1,390 - $1,490	$1,070 - $1,180​ (initial amount) Payouts increase by 2% every year ​	$1,310 - $1,360 (Will progressively decline from around age 92)
​$404,300 [Projected amount at age 65 based on Enhanced Retirement Sum (ERS) of $271,500 set aside at age 55]	$2,030 - $2,180​	$1,560 - $1,720 (initial amount) Payouts increase by 2% every year	$1,920 - $1,980 (Will progressively decline from around age 94)​

- The Standard Plan, which is the default plan, provides a higher level of monthly payout while leaving a lower bequest. 

- The Basic Plan gives a lower monthly payout but leaves a higher bequest.

Source: CPF