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Financial Requirements for Retirement Calculator

    FINANCIAL REQUIREMENTS FOR RETIREMENT
  Required Annual income after retirement
  Retirement Age
  Amount already saved for retirement
  Annual contribution to retirement funds
  Current Age
  

  Additional monthly savings to acquire this income at retirement.

HOW TO USE THE CALCULTOR
Key in your required annual income after retirement (as rough estimate of your required annual income after retirement, 70% of your current income may be used). Key in the age at which you would like to retire. Key in the amount that has already been saved for retirement purposes, i.e. retirement annuities, pension fund investment, etc. Key in your annual contributions to annuity and retirement funds, including employer contributions. (Your current contribution to your pension fund is often around 7,5% of your gross salary. Employer contribution to retirement funds is usually also 7.5%). Key in your current age.

What will this Calculate?
Calculates the additional amount to be saved monthly in order to achieve this income at retirement. Normal life expectancy and after-tax real returns of 3% on your savings are assumed.

DISCLAIMER
While every effort has been made to ensure accuracy, no responsibility can be accepted for errors or omissions however caused.

No responsibility for any loss occasioned to any person acting or refraining from action as a result of material in this programme is accepted by Annette Laing Property Consultants.

 

 

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Property Consultants
a modern, dynamic and distinctive business based in the Southern Suburbs of Cape Town. As an accredited Real Estate Agency, established in 2000...

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