CPF
What is CPF Retirement Account (RA)?
Created on your 55th birthday from your Ordinary and Special Account savings to fund your retirement payouts. It earns around 4% a year and is the pool used to join CPF LIFE, which pays you a monthly income for life.
How your Retirement Account is formed
On your 55th birthday, CPF creates your Retirement Account by moving your Special Account savings, then Ordinary Account savings, into it — up to the retirement sum you are aiming for. It earns around 4% a year, with a further 2% on the first $30,000 and 1% on the next $30,000 from age 55, so the early balances compound especially fast.
What it funds
Your Retirement Account balance is the pool used to join CPF LIFE, the national annuity that pays you a monthly income for life from between ages 65 and 70. You can top up your RA all the way to the Enhanced Retirement Sum ($440,800 in 2026) for the largest payouts, and top-ups attract tax relief. Savings above your Full Retirement Sum can be withdrawn from age 55.