My CPF Payout makes easy

 Usually such CPFLIFE Table payout refers to those who choose Standard Plan.

When my RA account started at age 55: I topup my RA account to its max ERS in 2019.

Over the years, annually in beginning of subsequent years, I keep topping up to the allowable RA limit. 

The first cash sum of $88k then was a steep amount. 

Subsequently I remembered it was easier: roughly $7.5k, $8k, $9k, now $10.2k. 

2019: age 55: $264,000
2020: age 56: $273,000 (+$9k)
2021: age 57: $300,000 (+$13k)
2022: age 58: $322,000 (+$22k)
2023: age 59: $346,000 (+$24k)

CPFB ever replied to my query on my Payout at age 65, under Basic Plan which I pay to choose, 
the CPFLIFE payout would be:
$2,200 to $2,500 p.m. for my life.

So, this seems align with the above Std-Plan Payout Table.

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Why Basic Plan not Std Plan?

1. Large Bequest Sum is main consideration.

For Basic Plan, Bequest Sum is $94k, at age 83.
For Std Plan, Bequest sum: $0 after age 80.

2. Small Payout difference in monthly payout

Basic vs Std Plan is $110~$130 p.m. delta difference.  

An extra of $110×12×20 years = $26k ~ $31k over 20-years.  Not so life-changing; but it's bequest sum is much more.

If one can save and put aside sum of ~$30k and drawdown monthly $110, you will have your Std Plan payout.

3.  What is effect of my payout deferment till age 70?

At age 65, I should get $2,200 ~ $2,500 p.m. for life.

This was the official CPFB payout reply of my ERS payout.

If for each year I keep deferring payout till age 70, my CPFLife payout will be:

Age 65: $2200 ~ $2500 p.m.
Age 66: ($2200 * 1.07) ~ ($2500 * 1.07)..

Age 66: $2,354 ~ $2,675 p.m.
Age 67: $2,518 ~ $2,862 p.m.
Age 68: $2,695 ~ $3,062 p.m.
Age 69: $2,883 ~ $3,276 p.m.
Age 70: $3,085 ~ $3,506 p.m.

At age 70, Under Basic Plan, payout $3k ~ $3.5k p.m. singly, just from CPFLife payout.