Tools

Retirement needs calculator

Fill in the fields below to get an estimate of what you will need when you reach retirement. If you have any retirement related queries you can ask our retirement expert or post it on the forum.

Your information

Your current age:

Expected retirement age:
The general retirement age is at the age of 65

Current balance of retirement savings:

Current monthly income:

Current monthly contribution to retirement savings:

We assume a monthly interest rate of 0.5% (6% annually) and an inflation rate of 7%. We also assume you need 70% of your current income at retirement. Lastly, we assume a life expectancy of 95 years.

Your results

Please fill in the fields.

You should always speak to a qualified financial planner before making any significant money decisions. The results provided by these calculators do not constitute legal or financial advice and are used at your own risk.

info@justmoney.co.za
4th Floor, Mutual Park, Jan Smuts Drive,
Pinelands, Cape Town, 7405

Quick links

Home · Articles · Products · Tools · Media · About Us

Your credit score is ready!

View your total debt balance and accounts, get a free debt assessment, apply for a personal loan, and receive unlimited access to a coach – all for FREE with JustMoney.

Show me!