All income streams, SRS strategy, emergency reserves, and tax planning — from age 64 through retirement. CPF LIFE draw age is toggleable below.
Born 1962
Current Age 63–64
CPF FRS (2017) $166,000
SRS Invested $268,183
Status Retired
Accessible Cash Reserve
Partial / Full Surrender
Singlife Flexi Life Income II
Singlife · 3-Pay · Surrender Value + Declared Income
$151,742surrender value
Yearly income $4,420 declared · Cash promo 12.5% = $6,309
Total Paid$151,424.10
Current Value (SV)$151,742
Yearly Income (declared)$4,420
Cash Promo (12.5%)$6,309
Total Received$162,153
Net Profit$10,729
Yield Achieved · If Surrendered 16 Mar 2026
~4.6% p.a.
With the upfront promo included, this plan has delivered about 4.6% per year over the 2.5-year holding period (signed 16 Mar 2023). If you surrender today.
Redeemable
iFAST Unit Trusts
2 funds · as at 5 Mar 2026 · Invested since 2017
$81,286.22
Amova SG Equity $58,267 · First Sentier Bridge $23,019
Amova SG Equity (fmr Nikko AM)$58,266.93
First Sentier Bridge A DIS SGD$23,019.29
Initial Invested
$46,474
Total Return
+$34,812
+76%
Annualised
8.4%
p.a. since 2017
Sep 2027
Prudential PruSave Ltd Pay
Policy 55036154 · Premiums completed Sep 2022
~$150,000
Lump sum maturity · 24 Sep 2027
Total premiums paid$12,000/yr × 10yr = $120,000
Projected maturity~$150,000
Projected gain~$30,000
Maturity date24 Sep 2027
Now Available
$233,028
iFAST $81,286 + FLI SV $151,742
Arriving Sep 2027
+~$150,000
PruSave maturity lump sum
FLI generates $4,420/yr guaranteed income for life. Surrendering forfeits this.
CPF LIFE Draw Age
CPF LIFE starts at:
Drawing at 65 provides income earlier but at a lower monthly amount. Deferring to 70 allows 5 more years of compounding at ~4% p.a., resulting in approximately 40% higher monthly payout — lifelong. The 5-year gap (65–69) is covered by FLI + MyRetirement cashflow.
Peak Monthly Income · Age 70–79 (All Streams)
$11,099
per month · all streams + SRS max drawdown at full projection
Guaranteed foundation
$3,426 / mo
CPF LIFE + FLI + MyRetirement
Income Phases
Phase 1 · Age 64 (Now)
$368
FLI GCB + Cash Bonus only. SRS plans building. CPF LIFE not yet started.
Phase 2 · Age 65–69
$5,174
CPF LIFE ($1,325/mo) + MyRetirement ($2,491/mo) + FLI ($368/mo). Manulife plans paying into SRS — accumulate, don't withdraw yet.
Phase 3 · Age 70–79 (Peak)
$11,099
All streams + SRS $70k/yr withdrawal ($5,833/mo). Tax on $35k taxable ≈ ~$300/yr. Max drawdown to drain pool, avoid lump sum penalty.
Phase 4 · Age 80+ (Lifetime)
$1,693
CPF LIFE (lifelong) + FLI (lifelong). MyRetirement ends at 85. SRS leftover balance used to enhance CPF LIFE payout via top-up.
All Income Sources
CPF Board
CPF LIFE Standard Plan
CPF Board · FRS 2017
~$1,325/mo
Est. mid-range · from Age 65 · Lifelong
FRS locked (2017)$166,000
Draw at 65~$1,270 – $1,380/mo
Draw at 70 (+40%)~$1,780 – $1,930/mo
DurationLifelong
GuaranteeGovernment-backed
Projected
My Retirement Choice
Singlife · Policy 09968564
$2,491/mo
Mid-range est. · from Sep 2027 · 20 years
Guaranteed floor$2,000/mo
Upper projection$2,983/mo
Duration20 years (to age 85)
Total guaranteed$480,000
Total projected$715,980
Guaranteed
Flexi Life Income II
Singlife · 3-Pay · Premiums $151,424
$4,420/yr
$368/mo total · from Age 64 · Whole of Life
GCB (guaranteed)$1,870/yr
Cash Bonus (targeted)+$2,550/yr
Targeted at 4.25%$4,420/yr
DurationWhole of Life
SRS Strategy
SRS ~$70k/yr Withdrawal
Combined Manulife SRS pool + Tokio Marine ILP
$5,833/mo
~$70,000/yr · Age 70–79 · 10 years · Max drawdown
SRS pool at age 70~$550k+ (est.)
Tokio Marine ILP (SRS)~$35k (sell partially)
Taxable (50% concession)$35,000/yr
Chargeable after reliefs~$15,000/yr
Est. tax per year~$0 – $300
GoalDrain evenly → avoid lump sum tax
SRS Feeder Plans — Paying Into SRS Account
Plan 1
Manulife RetireReady
Policy 1492227487
$700 – $1,025/mo
Base $700 · Apr 2027 · 15 years into SRS
Base payout$700/mo
Projected (w/ bonus)$1,025/mo
3 ADL benefit+$700 ×2 = $1,400/mo
Already received~$123,000
Remaining~$61,523
Total receivable$184,523
StrategyDefer to 70, then drawdown
Plan 2
Manulife RetireReady Plus
Policy 1492745520
$950 – $1,524/mo
Base $950 · Aug 2027 · 10 years into SRS
Base payout$950/mo
Projected (w/ bonus)$1,524/mo
1 ADL+$475/mo (half)
3 ADL+$950/mo (full)
Extension option20yr / lifetime
Total receivable$159,462
Plan 3
Manulife RetireReady Plus II
Policy 1492924422
$1,000 – $1,566/mo
Base $1,000 · Balance $281k in plan
Base payout$1,000/mo
Projected (w/ bonus)$1,566/mo
2 ADL+$500/mo
3 ADL+$1,000/mo
Balance$281,000
Taxable on early exit$93k @ 15%
Tokio Marine ILP · SRS
~$35,000
Strategy: Sell partially and spread proceeds across the 10-year SRS withdrawal window (age 70–79). This adds ~$3,500/yr to the SRS pool, helping sustain the $70k/yr drawdown target without leaving a large lump sum at the end.
SRS Strategy — Why ~$70k/yr Drawdown
Tax Comparison: Conservative vs Max Drawdown
50% of SRS withdrawal is taxable · goal: drain pool evenly to avoid 15% lump sum penalty on leftover
Scenario
Withdraw/yr
Taxable (50%)
Tax/yr
Tax 10yr
Leftover
Leftover Tax
Conservative ($40k/yr)
$40,000
$20,000
~$0
~$0
~$250k+
~$37,500
Optimal (~$70k/yr) ✓
$70,000
$35,000
~$300
~$3,000
Minimal
~$0
Aggressive ($80k/yr)
$80,000
$40,000
~$550
~$5,500
~$0
$0
KEY INSIGHT
Drawing only $40k/yr leaves ~$250k+ in SRS at the end — taxed at 15% penalty = ~$37,500+.
Drawing ~$70k/yr: each year $35k taxable, after reliefs ~$15k chargeable = ~$300 tax. Over 10 years = ~$3,000 total tax vs $37,500 penalty.
Savings: ~$34,500. Leftover balance (if any) can be used to top up CPF to enhance LIFE payout from age 80+.
Cashflow Simulator
Retirement Income · Age 63 to 90
Toggle disability scenarios and activate insurance claims to see how cashflow is impacted
Scenario:
No disability scenario — base retirement income only.
Est. monthly care cost: $4,000/mo— nursing, helper upgrade, medical consumables, equipment. Shown as red bar below.
CPF LIFE
FLI GCB
FLI Bonus
MyRetirement
SRS Withdrawal
Care Cost
Insurance Claims
Monthly care cost:–
Claims activated:–
Gap / surplus:–
Insurance Coverage — Tap to Activate Claim
Each card represents a policy that pays out during disability. Toggle them ON to see the green claim bar appear in the chart — watch how your cashflow recovers as each policy kicks in. Policies only pay out if the ADL definition is met during the plan's payout period.
Cumulative Income · Age 65 to 85
Total Income Received Over Time
Running total · guaranteed vs projected
Guaranteed
Projected Total
Lifetime Income Summary
Guaranteed Income · Age 65–85
–
CPF LIFE (lifelong) + FLI GCB (lifelong) + MyRetirement guar ($2k/mo) + SRS drawdown CPF LIFE continues beyond 85
Projected Income · Age 65–85
–
All streams at projected rates inc. FLI 4.25%, MyRetirement upper est., SRS max drawdown Non-guaranteed elements subject to fund performance
Ongoing Outflows — Premiums & Expenses
Monthly & Annual Outflows
Insurance premiums, healthcare, helper, living costs
Item
Insurer
Amount
Freq
Notes
Pink of Health (×2)
AIA
$27.58
/mo
Rates by age band · overlaps with Shield rider · Recommend to drop — does not serve your need
Prime Life
AIA
$97.20
/mo
$50k Death/TPD
PruLife
Prudential
$213.02
/mo
$70k Death/TPD/CI
Recovery Lifelife
AIA
$121.36
/mo
5yr renewable — premiums increase
Max Protector (ILP)
AIA
$200.00
/mo
Acorns Asia/India Equity
Monthly Insurance Total
$659
/mo
VitalHealth
AIA
$3,286
/yr
Pending change
MyCarePlus 300
Singlife
$2,281
/yr
LTC · payable to age 99
Secure Term Plus
AIA
$1,375
/yr
Step-up 2032 at age 70
HealthShield Gold Max A
AIA
TBC
/yr
Pending
Car insurance
—
~$1,000
/yr
Budget
Home insurance (×2)
—
~$200
/yr
2 properties
Helper + costs
—
~$1,500
/mo
Levy, salary, agency
Total Monthly Outflow (est.)
~$2,835
/mo
Insurance + helper + annualised
Net Monthly (65–69)
–
Net Monthly (70–79 Peak)
–
Past & Upcoming Maturities
Received
AIA EAS Maturity
Policy L52516893 · Jan 2023
$63,892
2-year payup savings · Matured
Received
AIA Gem Maturity
Policy L533779154 · Sep 2024
$21,320
Non-participating · Matured
Sep 2027
Prudential PruSave
Policy 55036154 · Ltd Pay matured Sep 2022
~$150,000
Lump sum maturity · 24 Sep 2027
Important Information: This illustration is for discussion purposes only and does not constitute financial advice. Income projections are illustrative and not guaranteed. CPF LIFE payout estimated based on FRS of $166,000 (2017); actual payout confirmed via CPF Board. CPF LIFE draw at 70 estimate assumes ~4% p.a. growth on RA balance for 5 additional years; actual payout to be confirmed. Singlife My Retirement Choice payout range $2,000–$2,983/month; exact figure to confirm. FLI non-guaranteed values depend on Singlife Participating Fund. SRS tax: 50% concession on withdrawals after statutory retirement age; 15% penalty on early/lump sum surrenders. SG personal income tax rates applied (2024 schedule). Individual tax position may vary — consult a tax adviser. Tokio Marine ILP SRS value is approximate market value. PruSave maturity value estimated ~$150k — to confirm. Not a contract of insurance. For authorised recipients only. · April 2026.