Budget
Where every Rand goes, and what’s left by payday.
R2,850typical monthly surplus found
Open Budget →Retirement › Am I on trackHousehold: Thandi & Neo
Am I on track?
Your executive summary · in today’s Rands, after inflation
Behind, but fixable!
Right now you’re cruising toward just over half your salary in retirement. With 29 working years left, a modest boost puts you right back in the groove.
13 points to “On track” (75)Projected pot at 65
R3.1m
What your savings grow to, in today’s money.
Income replacement
54% of 75%
Share of final salary your pot can pay out.
Monthly gap
R4,200
Extra each month to reach a 75% income.
Years of runway
17 yrs
Money lasts to age 82 at your target income.
Two-pot savings
R38k
Yours to withdraw — costs ~R290k at 65.
To be completed
Partner’s pot
R1.4m
Demo value. Add Neo’s fund for the household total.
What this means
- You’re heading for 54% of your final salary, while most households need about 75% to keep their lifestyle.
- R4,200 more a month closes the gap by 65 — or working to 68 gets you most of the way.
- Your money runs out at 82, and many South Africans who reach 65 live well beyond that.
- Keep your hands off the R38k savings pot: cashing it today costs about R290k of retirement money.
Pot vs what you need
Your projected potPot needed for 75%
Next step: dig the top-up
See your score climb with R4,200 more a month, a later retirement, or both.