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Retirement glide planner
The years around retirement are a glide, not a cliff: salary tapers off while CPF Life, SRS, and cash savings take over. This planner maps that handover year by year and shows the most tax-efficient order to draw each source down.
This is your projected total income over the first 10 years of the glide, combining the salary that remains, CPF Life payouts, scheduled SRS drawdowns, and cash used to bridge the gaps. Your salary tapers by about 67% from now to your target age.
Used as the starting point of the glide and to project your CPF RA forward.
When you plan to fully step back from salaried work. Salary tapers to zero by this age.
Your gross pay this year. The glide starts from here.
What you expect to earn in your final working year, for example from part-time or consulting work.
Your current CPF RA savings. Projected forward to your CPF Life start age to estimate payouts.
Your Supplementary Retirement Scheme savings. Drawn down evenly over the statutory 10-year window.
Savings set aside to bridge the early years. Used first because cash withdrawals are not taxed.
What you expect to spend each month in retirement. The income floor each year aims to cover this.
Year-by-year glide
| Age | Salary | CPF Life | SRS | Cash | Total income |
|---|---|---|---|---|---|
| 55 | S$120,000 | S$0 | S$0 | S$0 | S$120,000 |
| 56 | S$112,000 | S$0 | S$0 | S$0 | S$112,000 |
| 57 | S$104,000 | S$0 | S$0 | S$0 | S$104,000 |
| 58 | S$96,000 | S$0 | S$0 | S$0 | S$96,000 |
| 59 | S$88,000 | S$0 | S$0 | S$0 | S$88,000 |
| 60 | S$80,000 | S$0 | S$0 | S$0 | S$80,000 |
| 61 | S$72,000 | S$0 | S$0 | S$0 | S$72,000 |
| 62 | S$64,000 | S$0 | S$0 | S$0 | S$64,000 |
| 63 | S$56,000 | S$0 | S$0 | S$4,000 | S$60,000 |
| 64 | S$48,000 | S$0 | S$0 | S$12,000 | S$60,000 |
| 65 | S$0 | S$22,966 | S$12,000 | S$37,034 | S$72,000 |
| 66 | S$0 | S$22,966 | S$12,000 | S$26,966 | S$61,933 |
| 67 | S$0 | S$22,966 | S$12,000 | S$0 | S$34,966 |
| 68 | S$0 | S$22,966 | S$12,000 | S$0 | S$34,966 |
| 69 | S$0 | S$22,966 | S$12,000 | S$0 | S$34,966 |
| 70 | S$0 | S$22,966 | S$12,000 | S$0 | S$34,966 |
| 71 | S$0 | S$22,966 | S$12,000 | S$0 | S$34,966 |
| 72 | S$0 | S$22,966 | S$12,000 | S$0 | S$34,966 |
| 73 | S$0 | S$22,966 | S$12,000 | S$0 | S$34,966 |
| 74 | S$0 | S$22,966 | S$12,000 | S$0 | S$34,966 |
To reach the Full Retirement Sum, you would need to top up your CPF Retirement Account by S$40,400.00. A larger RA at your CPF Life start age means larger lifetime payouts.
Tax-efficient drawdown order
- 1
Cash buffer
No tax on cash withdrawals. Use first to bridge the salary taper while protecting tax-deferred and lifetime sources.
- 2
SRS
10-year withdrawal window once started. Only 50% of each withdrawal is taxable, so spreading evenly across the window minimises lifetime tax.
- 3
Investment dividends
Qualifying Singapore-sourced dividends are tax-exempt for individuals. Use after SRS to keep CPF Life intact and avoid touching capital.
- 4
CPF Life
Mandatory lifetime payout from age 65 (or chosen deferral age). Treat as the income floor that catches whatever the prior layers do not cover.
Only 50% of each SRS withdrawal is taxable, so spreading withdrawals across the statutory window keeps lifetime tax low.
Things to watch
- Below expense floor in year 13 (age 67).
- Below expense floor in year 14 (age 68).
- Below expense floor in year 15 (age 69).
- Below expense floor in year 16 (age 70).
- Below expense floor in year 17 (age 71).
- Below expense floor in year 18 (age 72).
- Below expense floor in year 19 (age 73).
- Below expense floor in year 20 (age 74).
Sources