Your Retirement Savings
You want to save enough money by the time you retire to provide an income that will maintain your standard of living. Having a target will help you reach your goal.
Total Retirement Savings
R 2,735,805.00
Current Average Monthly Income:
R 104,567.00
Total Monthly Retirement Contribution:
R 20,257,85 (Contribution rate 19.37%)
Experts suggest that your retirement income should be at least 75% of your salary before retirement. This is known as your replacement ratio.
75% Income Replacement Ratio
Required Monthly Replacement Income in today’s terms
R 78,425.25
Savings Required for 75% Replacement Ratio in today’s terms
R 3,983,723.42
Shortfall for 75% Replacement Ratio in today’s terms
R 1,247,918,42
Based on your current retirement savings and your target, we recommend discussing with your financial advisor, Noni, how you could increase your monthly retirement contributions. This can help close the gap and keep you on track for a comfortable retirement.
Linked Retirement Accounts
Retirement Vehicle
Sanlam Umbrella Fund Provident
Fund Value
R 1,345,002.38
Retirement Vehicle
Old Mutual Pension Preservation Fund
Fund Value
R 752,123.12
