Retirement / Am I on track
Am I on track?
Guest session62/100
Behind, but fixable.
Your pot replaces 54% of your income at 65. The target is 75%. An extra R2,100 a month, or retiring at 67, closes most of it.
Projected pot at 65
R3.1m
In today's rand, 4% real growth
Income replacement
54%
Of current income. Target 75%
Monthly gap
R4,200
Shortfall per month in retirement
Years of runway
17
Pot lasts until about 82
To be completed
Two-pot savings component
R38k
Demo value. Add your fund statement
Contribution rate
15%
Employee and employer, of gross
What this means
- The pot runs out at 82. Planning horizon is 95.
- R2,100 more a month halves the gap. Section 11F relief returns about a third.
- Retiring at 67 gives 63% replacement. Two more years of growth.
- A R38k two-pot withdrawal costs ~R100k at 65. Plus tax at your marginal rate now.
Projected pot vs required, age 40–65 ProjectedRequired
| Age | Projected | Required |
|---|---|---|
| 65 | R3.1m | R5.7m |
Next: model R2,100 more a month.
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