My current situation

Gender:
My current age:
The total amount I have already saved for retirement is:
Amount I have already saved:
R 
My current total monthly income before tax is:
R 

My retirement goals

I would like to retire at age:
I will need a once off lumpsum at retirement of:
R 
After retirement I would like to have a monthly income before tax of:
%
of final income or
 
   more options
R 

How I will reach my retirement goals

The total amount I will save every month is:
%
of current income or
R 
The investment strategy I will choose is the:

Nominal Capital At Retirement Lookup

Contribution Date Age Sof Sof month end Salary

Am I on track ?

This gauge shows me what percentage of "My retirement goals" I am likely to reach based on the information I have provided. To improve the results I can:

  • select a strategy that targets a higher return (Remember that this means taking more risk)
  • save more every month
  • reduce the lumpsum or income I want during retirement
  • retire a few years later

  • All amounts should be entered in today’s value, without adjusting for inflation
  • Use the sliders to adjust the values below

Calculations Overview

Inflation

Annuity Factor

Monthly salary at retirement

Future Salary Value

Target replacement ratio

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Merit escalation pre retirement %

Time to Retirement (years)

Real return calculated

% of goal achieved

XIRR %

Nominal Capital At Retirement

Nominal Requirement

To retire comfortably, it is important that you make the right choices.
These choices may involve some trade offs.
For example, to retire earlier, you will have to save more every month.
This calculator will show you the impact of the choices you make and help you plan so that you can reach your retirement goals.
Start by entering your current information, then specify your retirement goals and then look at the impact of your choices on your plan.

 
Disclaimer:
The purpose of this retirement needs calculator is to assist you in selecting an appropriate investment strategy and level of contribution towards your retirement savings. The calculation and recommendation is based on the information that you have provided as well as underlying assumptions based on mortality and asset class returns. All figures and graphs are provided for illustrative purposes only and no guarantees are offered. The output is not meant as advice and should be considered as part of a complete lifestyle financial plan. The above results do not take into account any possible effects of taxation and should be seen as pre-tax amounts. It is important that you consult a financial planner and/or tax adviser if specific tax and/or financial planning is required.