Am I on track?
Guest sessionBehind.
But fixable.
Straight answer: at 65 your pot pays 54% of your salary. You need about 75%. The fix is R2,100 a month more, or working two more years.
What this means
- You run dry at 82. Not 95. That's 13 years of nothing.
- R2,100 more a month fixes half of it. SARS hands back about a third via 11F.
- Two more years at work gets you to 63%. Retire at 67, not 65.
- Don't touch the two-pot R38k. Cashing it costs ~R100k at 65 plus tax now.
Pot vs needed, by age
| Age | Pot | Needed |
|---|---|---|
| 65 | R3.1m | R5.7m |