Saturday, February 22, 2020

CPF Full Retirement Sum projection

The CPF Full Retirement Sum (FRS) has been increasing at around 3% per year for quite a number of years so far. I think the 3% increase can safely cover inflation as Singapore's inflation rate is under 3% for most of the years. This should ensure the CPF life payout can cover for some basic level of living after retirement (for Singaporeans that hit the FRS amount). 

Assuming this increase is kept at 3% per annum, we can estimate the FRS for subsequent years. Your FRS will be fixed when you reach age 55.

So far, the official FRS amount has been announced till year 2022.

The projected FRS is as follows:

YearFull Retirement Sum
2016161,000
2017166,000
2018171,000
2019176,000
2020181,000
2021186,000
2022192,000
2023198,000
2024204,000
2025210,000
2026216,000
2027222,000
2028229,000
2029236,000
2030243,000
2031250,000
2032258,000
2033266,000
2034274,000
2035282,000
2036290,000
2037299,000
2038308,000
2039317,000
2040327,000
2041337,000
2042347,000
2043357,000
2044368,000
2045379,000
2046390,000
2047402,000
2048414,000
2049426,000
2050439,000
2051452,000
2052466,000
2053480,000
2054494,000
2055509,000