Retirement toolsRetirement savings calculator
How much of your salary should you save?
Set the retirement income you want. We’ll work backwards to estimate the percentage of your current gross salary you need to save.
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Your details
All figures are estimates and can be changed.
Today
Your retirement goal
AssumptionsSalary increases and investment growth
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How this estimate works
Your salary and salary-linked contributions rise annually using the inflation and yearly salary-increase assumption. Savings are added monthly and grow at the investment return after tax and fees. The calculator then solves for the saving percentage that makes retirement withdrawals equal your target replacement ratio.
Assumptions used
Updates automatically with your inputs- Inflation and assumed yearly salary increase
- 6% a year Applied once a year to salary and salary-linked contributions.
- Investment growth
- 9% a year After tax and fees, converted to an equivalent monthly return.
- Contributions
- Monthly Calculated as the required percentage of gross salary.
- Retirement withdrawal
- 4% a year Divided by 12 to estimate gross monthly retirement income.
- Income target
- 75% Of projected gross salary at retirement, before income tax.
- Value basis
- Future rands Results are nominal amounts and are not adjusted back to today’s money.