How Much Of My CPF Be Locked Up When I Reach 55?

From the day you start to work, you have been contributing to your 3 CPF account.

CPF Ordinary Account (CPF-OA), CPF Special Account (CPF-SA) and CPF Medisave Account (CPF-MA). Your CPFSA will first pour into your Retirement account at the age of 55 and then your CPFOA to fill the FRS.

Aren't you interested to know what the amount you have to fulfil before you can withdraw the excess at Age 55? =)

Some history of the withdrawal limit

Before I can answer that question fully, knowing the history of the withdrawal limits imposed which is defined by the Minimum Sum (before 2016) or Full Retirement Sum FRS  (current standard) will be helpful.

The FRS will be gradually increased to reach a level of savings that a lower-middle income household would need for basic retirement expenses.

FRS is destined to increase, regardless you like it or not.

The incremental rate over the years has been the following:

Past Full Retirement Sum (FRS) 

Source: Past Full Retirement Sum (FRS)


Based on above data, the incremental rate has been the following:


I did a conservative projection on the FRS for different age groups based on 3% and 4% increment rate.

The Full Retirement Sum is as below.


The increment rate is highly related to Consumer Price Index which is on the average about 3% in Singapore.

This is also reflected in the next three years adjustment of the FRS from year 2018 to year 2020.

I am in the age range of 30 to 35 years old. It seems that I must have an excess of $300,000 in my retirement account before I can withdraw any monies with the FRS limit!

How much is yours?

Hopefully, I have given you a glimpse of how much you can expect to withdraw from your CPF.

If it is possible, build up sufficient cash so that you need not rely on withdrawing from CPF the moment you reach age55.

Last updated on October 2nd, 2018 at 06:25 pm

The Financial Advocate

I am always fascinated in how parents approach financial issues in their daily lives. There is an overwhelming amount of information available and through this blog, I hope I can shed some light on financial matters concerning parents!

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