Your SRS Plan
Your estimated SRS portfolio value when withdrawals begin.
SRS allows penalty-free withdrawals to be spread over a maximum of 10 years.
Applied only to the taxable 50% of each withdrawal. Your actual effective tax rate depends on your total chargeable income.
Estimated Retirement Income
Where every withdrawal dollar goes
Withdrawal Summary
What is the SRS?
The Supplementary Retirement Scheme (SRS) is a voluntary retirement account that sits alongside CPF. Contributions earn tax relief in the year you contribute, and the money can be invested. The rules reward leaving the money untouched until retirement and then drawing it down gradually.
Rules as understood October 2026 — verify with IRAS before relying on themPenalty-free withdrawals start at the statutory retirement age that applied when you made your first SRS contribution.
| Before 1 Jul 2022 | 62 |
| 1 Jul 2022 – 30 Jun 2026 | 63 |
| From 1 Jul 2026 | 64 |
The 10-year window starts at your first penalty-free withdrawal. Any balance left at the end is treated as withdrawn at that point, and 50% of it is taxed on that basis.
For withdrawals at or after your retirement age, half of each withdrawal is not taxed and half is added to your taxable income.
Before retirement age, the full withdrawal is taxable and a 5% penalty applies — except on death, medical grounds, bankruptcy, or for certain foreigners meeting the qualifying conditions.
Detailed Breakdown
| Item | How | Amount |
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| Item | How | Amount |
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How this calculation works
Your SRS balance keeps earning the assumed return while you take level monthly withdrawals. The withdrawal amount is set so that the balance reaches exactly zero at the end of the period you choose.
Each withdrawal is split in two: 50% is non-taxable and 50% is taxable. Your estimated tax rate applies only to the taxable half, so the effective tax on the whole withdrawal is half of the rate you enter.
PVSRS balance when withdrawals begin
rMonthly rate = annual expected return ÷ 100 ÷ 12
nNumber of monthly payments = years × 12
PMTGross monthly withdrawal (if r = 0, PMT = PV ÷ n)
Return Scenarios
| Scenario | Return | Gross Monthly | Non-Taxable 50% | Taxable 50% | Est. Tax | Net Monthly |
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Audit the numbers — show me the maths
Every figure on this page is recalculated live from your inputs. Open the audit trail to see each formula, your numbers plugged in, the year-by-year drawdown and four reconciliation checks.
Singapore Personal Income Tax — Quick Reference
Simplified reference · resident rates from YA2024 onwards
Singapore Personal Income Tax — Quick Reference
| Chargeable income band | Rate |
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| Chargeable income band | Rate |
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50% Taxable, 50% Tax-Free
For withdrawals at or after retirement age, half of each withdrawal is taxable income and half is not taxed.
Withdrawal Period
Spreading withdrawals over more years lowers the taxable income recognised each year, which can keep you in a lower tax band.
Investment Returns
Actual returns vary. Fees, volatility and sequence-of-returns risk can change real outcomes.
Important Disclaimer
This calculator is an educational simulation based on Singapore's SRS framework and does not constitute financial, investment or tax advice.
Results are estimates based on the assumptions entered and do not represent guaranteed investment returns or actual tax liabilities.
SRS regulations, withdrawal rules, tax rates and tax treatment may change. Your actual tax liability also depends on your total taxable income, tax residency, deductions, reliefs and other circumstances.
Please verify current SRS and tax rules with IRAS or an appropriately qualified professional before making financial decisions.
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