CPF Simulator

CPF Simulator - Calculate Your Projected CPF Balances

Important Note

This CPF Simulator is created for educational purposes only and serves as a tool to help users approximate their projected CPF balances over time. The calculations used in this simulator are based on publicly available information and general assumptions about CPF contributions, interest rates, and account limits.

While this simulator aims to provide useful estimates, it is not a substitute for official CPF statements or professional financial advice. Always refer to your official CPF account or consult a financial advisor for accurate and personalized financial planning.

Benefit to Users: This simulator helps you visualize your CPF growth over time, understand how different contributions and interest rates impact your balances, and make better-informed decisions about your retirement planning.

Basic Inputs

Key in the basic parameters needed for the simulation.

Simulation Name

Age

Salary (SGD)

Bonus (months)

Monthly Top-up

Starting Account Balance

Enter your CPF account balances. You can find this information from your CPF account.

Ordinary Account

Special Account

Medisave Account

BHS & FRS Rates of Increase

Enter the expected growth rate of the Basic Healthcare Sum (BHS) and the Full Retirement Sum (FRS). A growth rate of 3-4% is a good choice.

FRS Rate

BHS Rate

Deductions

Enter the deductions from your CPF accounts. Typically this will be for housing, Medishield premium, ElderShield premium, Dependent Protection Scheme (DPS) premium and Home Protection Scheme (HPS) premium. By default, all these values are set to zero. You can change this and key in the exact amount, and the month it is deducted from your CPF.

Housing

DPS

HPS

Medishield

Eldershield

Allow OA to SA Transfer

Finally, indicate whether or not you would allow the CPF simulator to automatically transfer your ordinary account balance to your special account until your FRS is reached. You can compare your CPF outputs based on allowed or not allowed settings. Try yourself and see the various outputs of the simulator. By default, this value is set to false.

Yes No

Simulation Results

Just before your 55th birthday!

Understand withdrawal options

Just before your 65th birthday!

Meeting retirement needs

Account Balance Accumulation

The below figure shows the total account balance for your CPF using two line graphs per simulation run. The first line graph shows the total account balance, which is the sum of the Ordinary, Special, Retirement and Medisave accounts. The second line graph shows the sum of the Ordinary and Special accounts. After 55, this becomes the amount you can withdraw after deducting the Full Retirement Sum.

Account Balances

The below figure shows the total account balance for your Ordinary, Special, Medisave and Retirement Accounts.

Individual Account with Age

Assumptions

Bonuses are credited at the start of each year, specifically in January.
The additional 1% and extra additional 1% interest provided by the government are not included in the calculations.
Interest is calculated monthly but only credited to the respective accounts at the end of the year.
If age is below 55 and the SA has reached the Full Retirement Sum (FRS), the excess is redirected to the Ordinary Account (OA).
When the Medisave Account (MA) balance exceeds the Basic Healthcare Sum (BHS) limit:
- If age is below 55: The excess contributions and interest from MA are transferred to the Special Account (SA).
  - If the SA has not reached the Full Retirement Sum (FRS), the excess is fully transferred to SA.
  - If the SA has reached the Full Retirement Sum (FRS), the excess is redirected to the Ordinary Account (OA).
- If age is 55 or older: The excess contributions and interest from MA are transferred to the Retirement Account (RA).
  - If the RA has not reached the Full Retirement Sum (FRS), the excess is fully transferred to RA.
  - If the RA has reached the Full Retirement Sum (FRS), the excess is redirected to the Ordinary Account (OA).