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Withdrawing for immediate retirement needs

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Our CPF hotlines are temporarily unavailable due to technical difficulties related to Singtel. We apologise for any inconvenience caused. For urgent assistance, please reach us through our Text Us service, and we will respond as soon as we can.

Overview
Withdrawals from age 55 onwards

You can apply to withdraw your CPF savings from age 55 onwards. Check how much you are eligible to withdraw via your Retirement Dashboard. You can make as many withdrawals as you like from your withdrawable savings, so there’s no need to take everything out in one go. 

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Plan ahead and keep your Account settings updated

Ensure that your contact details, bank account, and online Daily Withdrawal Limit are updated before making your withdrawal. There may be a 12-hour cooling period for the changes to take effect.

https://www.cpf.gov.sg/member/ds/account-settings false
Update Account settings
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Activate CPF Withdrawal Lock to safeguard your savings from scams

Not intending to withdraw soon? Activate the CPF Withdrawal Lock to disable online CPF withdrawals. 

https://www.cpf.gov.sg/service/article/what-is-the-cpf-withdrawal-lock-and-how-can-i-activate-it false
Learn more
Options
Understand withdrawal options from 55

Read on to learn about the withdrawal options and check your withdrawable amount by logging in to your Retirement Dashboard

Go to Retirement Dashboard
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For members who have met the Full Retirement Sum

If you have met the Full Retirement Sum (FRS), you can withdraw your excess savings in your Ordinary account.

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For members who have not met Full Retirement Sum

You can withdraw $5,000 or more from your CPF savings once you reach age 55. How much you can withdraw depends on your birth year. 

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For property owners

If you own a property in Singapore, with a lease that lasts you up to at least age 95, you can set aside your FRS with a mixture of property (up to half of your FRS) and cash and withdraw part of your Retirement Account savings.

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What to consider
Consider your retirement needs and options before making retirement withdrawals

Work out how much you need in retirement

Use the Retirement Payout Planner to assess whether you have sufficient savings to suit your retirement lifestyle

Making withdrawals from your CPF savings means reduced monthly payouts in the future. Alternatively, your withdrawable savings can be converted to boost your monthly payouts.

https://www.cpf.gov.sg/member/tools-and-services/planners/cpf-planner-retirement-income false
Plan my retirement income

Peace of mind vs Investment risk

Grow your savings worry-free with our risk-free interest rates

If you are considering withdrawing your CPF savings to invest in other products, do find out about the risks of these investments and assess your risk appetite. If you prefer not to risk your retirement savings and are looking to get higher returns on your Ordinary Account savings, consider transferring these savings to your Retirement Account to earn higher risk-free returns.

https://www.cpf.gov.sg/member/tools-and-services/forms-e-applications/cash-top-ups-and-cpf-transfers-for-retirement false
Make a CPF transfer or top-up to enjoy high interests

Beware of scams!

Protect your savings with CPF Withdrawal Lock

Be wary of anyone asking you for your CPF details or to withdraw your CPF savings. If you don’t need immediate access to funds, disable online CPF withdrawals instantly with the CPF Withdrawal Lock.

https://www.cpf.gov.sg/service/article/what-is-the-cpf-withdrawal-lock-and-how-can-i-activate-it false
Find out more about the CPF Withdrawal Lock
Application
How to make a withdrawal
Update your Account settings before submitting a withdrawal application
  1. Update your contact details
  2. Update your bank account details
  3. Update your preferred Daily Withdrawal Limit (DWL), up to a maximum of $50,000. Note: The default DWL is $2,000.

 

Plan ahead as there may be a 12-hour cooling period for the changes to take effect.

https://www.cpf.gov.sg/member/ds/account-settings false
Update Account settings
Submit CPF withdrawal application

If you've decided to withdraw for an immediate need, follow the link below to apply.

 

If you need to withdraw an amount above the maximum DWL of $50,000, you can visit this page to understand your options

https://www.cpf.gov.sg/member/tools-and-services/forms-e-applications/withdraw-cpf-retirement-needs false
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