CPF Calculator

Below are the information you need to know about the calculation: 

DISCLAIMER - This calculator only serves to provide an estimated forecast of your CPF monies in the future based on the inputs provided. This should not be used for an accurate assessment of the amount of monies you have in your CPF accounts. Use it at your own risk! Please leave a comment if you have any feedback on the calculator.

1. The calculation is based on your inputs, the current CPF interest rate, BHS of $71,500 and FRS of $205,800. 
2. Progressive wage ceiling increase based on budget 20203 is added to account for the change in wage ceiling from 1 September 2023 to 1 January 2026.
3. Budget 2024 - A BETA option to toggle budget 2024 CPF updates on had been added. The budget 2024 updates include closing of Special Account at age 55 and the money will go to RA and OA based on FRS or ERS (4 times the BRS) selection. Monthly contribution post 55 will also go into the OA and RA accordingly as well.
4. CPF Members currently earn an interest of 2.5% for the Ordinary Account (OA) and 4.08% for the Special (SA), Medisave (MA) and Retirement Account (RA). There is an additional 1% paid on the first $60,000 of your combined CPF balances, with up to $20,000 from the OA.
5. Currently, only the additional interest before the formation of the RA at Age 55 is being considered. The additional interest after the formation of the RA at Age 55 is not being considered yet.
6. Monthly Salary is the total amount of wages payable to you, before deduction of employee CPF contribution and personal income tax. This is subjected to a monthly CPF contribution cap of $6,000. This is increased gradually from $6,000 to $8,000 by 2026.
7. The CPF contribution rate used is based on CPF contribution rate table for employees earning a monthly salary of $750 or more.
8. Contribution to the MA are subjected to a cap of $71,500 - also known as Basic Healthcare Sum (BHS). Any contributions in excess of the BHS will overflow to the SA up to the Full Retirement Sum (FRS) before overflowing to the OA.
9. Annual salary increment and bonus will be capped by the Annual contribution limit of $102,000 and the CPF Annual Limit of $37,740.
10. Retirement Age is the age where you stop working and stop receiving your salary and CPF contribution.
11. FRS or ERS selection determine if FRS or ERS gets transfer to your RA account when you turn 55. Note that CPF will only by default transfer up to FRS to your RA. Topping up your RA up to ERS will have to be manually done.
12. Under More Options, you can do the following
• Set FRS and BHS growth rate. They are growth percentage applied to the FRS and BHS yearly to increase the FRS and BHS. The default rates are 3.5% and 5% for the FRS and BHS respectively.
• SA shielding. This limits the transfer of SA to RA up to the amount you specify (minimum $40,000) while the rest of the transfer to RA comes from OA. NOTE: RSTU and it's interest cannot be invested and hence cannot be shielded. You need to account for this and enter the amount in SA that cannot be shielded at 55.
• BETA - Functions which are not fully tested (Indicated with a B)
• OA transfer to SA. This will transfer the amount specified from your OA to SA for the specified Age range.
• OA withdrawal or refund for housing. Key in negative value for withdrawal and positive for refund. Amount entered is monthly for the specified Age range.
• Annual Topping up of the SA/RA (via Retirement Sum Top Up Scheme). Note that the top up will not be considered once the SA/RA reaches FRS/Enhance Retirement Sum (ERS). The top up is done at the end of the year on December for the specified Age range.
• Annual Topping up or deduction of MA. Key in negative value for deduction and positive for topping up. Note that the top up will not be considered once the MA reaches BHS. The top up is done at the end of the year on December for the specified Age range.

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