Retirement doesn’t happen all at once — it’s a journey that needs smart planning, timely
decisions, and awareness of available support.
Whether you're approaching your 60s or just starting to think about your long-term future,
it’s essential to understand how Singapore’s retirement system works — from CPF strategies
to retirement age laws, and the many ways the government supports seniors with housing,
healthcare, and income security.
This guide breaks it all down so you can make informed choices and enjoy a retirement that
is stable, healthy, and meaningful.
Know Your CPF: Your Foundation for Retirement
The Central Provident Fund (CPF) is Singapore’s main retirement savings system — and it’s
more than just a savings account.
CPF helps you with:
Housing (via the Ordinary Account, OA)
Healthcare (via the MediSave Account, MA)
Retirement income (via the Special Account and Retirement Account)
At Age 55:
Your Retirement Account (RA) is created
Funds from your OA + SA are transferred into the RA to meet the Full Retirement Sum (FRS)
Any excess can be withdrawn as cash (if not needed for RA)
At Age 65:
You begin receiving monthly CPF LIFE payouts for life
The amount depends on how much you have in your RA
Understand Singapore’s Retirement and Re-employment Policies
Retirement doesn’t mean you’re forced to stop working. Singapore's laws protect older
workers and give them choices.
Retirement and Re-employment Act (RRA):
Minimum retirement age: 63 (rising to 65 by 2030)
Re-employment age: Up to 68 (rising to 70 by 2030)
Employers must offer re-employment to eligible workers who want to continue working past
retirement
