CPF Calculator Singapore
Monthly CPF: $1,850.00
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| Employee | Employer | Total | |
| Total CPF | $1,000.00 | $850.00 | $1,850.00 |
| Ordinary Account (OA) | $625.00 | $531.25 | $1,156.25 |
| Special Account (SA) | $250.00 | $212.50 | $462.50 |
| Medisave Account (MA) | $125.00 | $106.25 | $231.25 |
| Monthly Salary | $5,000.00 | ||
| CPF Contribution Rate | 37.0% | ||
| Employee Rate | 20.0% | ||
| Employer Rate | 17.0% | ||
| Take-Home Salary | $4,000.00 | ||
CPF Retirement Projection
| Year | Age | Annual Contribution | Interest Earned | Total Balance |
|---|---|---|---|---|
| 1 | 36 | $22,200 | $1,806 | $74,006 |
| 5 | 40 | $24,969 | $4,521 | $181,250 |
| 10 | 45 | $28,077 | $8,156 | $325,680 |
| 15 | 50 | $31,578 | $12,547 | $501,890 |
| 20 | 55 | $35,527 | $17,789 | $712,450 |
| 25 | 60 | $39,985 | $23,995 | $960,125 |
| 30 | 65 | $45,020 | $31,389 | $1,248,890 |
The CPF Calculator Singapore helps individuals calculate their Central Provident Fund contributions, account allocations, and retirement projections based on current CPF rates and policies. This calculator supports both employees and self-employed individuals with different contribution structures.
Central Provident Fund (CPF) System
The Central Provident Fund is Singapore's comprehensive social security system that provides working Singaporeans and Permanent Residents with retirement, healthcare, and housing needs. CPF contributions are mandatory for employees and optional for self-employed individuals, with funds allocated across three main accounts.
CPF Calculator Components
A CPF calculation typically includes the following key components:
- Monthly Salary—gross monthly income subject to CPF contributions.
- Age—determines contribution rates and account allocation ratios.
- Citizenship Status—affects contribution requirements and rates.
- Employment Type—employee vs. self-employed contribution structures.
CPF Accounts Structure
Ordinary Account (OA)
Used for housing, insurance, investment, and education:
- Housing loans and property purchases
- Approved insurance schemes
- CPF Investment Scheme
- Children's education
Special Account (SA)
Dedicated to retirement and investment in retirement-related products:
- Retirement planning
- CPF LIFE premiums
- Approved retirement schemes
- Higher interest earnings
Medisave Account (MA)
For healthcare expenses and approved medical insurance:
- Hospitalization expenses
- Day surgery procedures
- Chronic disease management
- MediShield Life premiums
CPF Contribution Rates by Age
Contribution rates vary by age group for both employees and employers:
| Age Group | Employee Rate | Employer Rate | Total Rate |
|---|---|---|---|
| 35 years & below | 20% | 17% | 37% |
| Above 35 to 45 | 20% | 17% | 37% |
| Above 45 to 50 | 20% | 17% | 37% |
| Above 50 to 55 | 20% | 17% | 37% |
| Above 55 to 60 | 13% | 13% | 26% |
| Above 60 to 65 | 7.5% | 9% | 16.5% |
| Above 65 | 5% | 7.5% | 12.5% |
Account Allocation by Age
CPF contributions are allocated differently based on age:
| Age Group | Ordinary Account | Special Account | Medisave Account |
|---|---|---|---|
| 35 years & below | 62% | 25% | 13% |
| Above 35 to 45 | 57% | 30% | 13% |
| Above 45 to 50 | 52% | 35% | 13% |
| Above 50 to 55 | 47% | 40% | 13% |
| Above 55 | 57% | 0% | 43% |
CPF Interest Rates
CPF accounts earn different interest rates:
- Ordinary Account—2.5% per annum
- Special Account—4.0% per annum
- Medisave Account—4.0% per annum
- Retirement Account—4.0% per annum
CPF Contribution Limits
Annual Contribution Ceiling
Maximum annual CPF contributions are capped at:
- Based on Annual Contribution Ceiling of $102,000 (2024)
- Monthly salary ceiling of $8,500
- Additional Wage Ceiling of $102,000
Minimum Sum Requirements
- Basic Retirement Sum (BRS)—$99,400 (2024)
- Full Retirement Sum (FRS)—$198,800 (2024)
- Enhanced Retirement Sum (ERS)—$298,200 (2024)
Special Schemes and Benefits
CPF LIFE
Lifelong income scheme for retirement:
- Monthly payouts for life
- Three plan options available
- Automatic enrollment at age 65
- Bequest protection available
Voluntary Contributions
- Cash top-ups to OA, SA, or MA
- Tax relief for contributions
- Transfer between accounts
- Top-up for family members
How to Use the Calculator
To use the CPF Calculator Singapore:
- Enter your monthly salary
- Specify your current age
- Select your citizenship status
- Choose your employment type
- Set calculation period (monthly/annual)
- Include retirement projection if desired
- Add current CPF balance and retirement goals
- Click "Calculate" to see contributions and projections
The calculator will show you monthly contributions by account, take-home salary, and long-term retirement projections.
CPF Withdrawal Rules
Age-Based Withdrawals
- Age 55—Withdrawal above Retirement Sum
- Age 65—CPF LIFE payouts begin
- Medisave—Healthcare expenses at any age
Housing Withdrawals
- Property purchase and loan payments
- Home renovation and improvement
- Rental of HDB flats
- Accrued interest upon sale
Investment Options
CPF Investment Scheme (CPFIS)
Invest CPF savings in approved instruments:
- Unit trusts and ETFs
- Shares and corporate bonds
- Fixed deposits
- Insurance products
Important Considerations
When planning with CPF:
- Retirement adequacy—Ensure sufficient funds for retirement
- Healthcare costs—Plan for increasing medical expenses
- Housing decisions—Impact of CPF usage on retirement
- Investment risks—Understand CPFIS investment risks
- Inflation protection—Consider real purchasing power
This calculator provides estimates based on current CPF rates and policies. Actual contributions and benefits may vary based on policy changes, salary fluctuations, and individual circumstances. Always refer to CPF Board guidelines or consult with financial advisors for personalized retirement planning.
Related calculators: Singapore Salary Calculator, Singapore Tax Calculator, Retirement Calculator Singapore