How much should you have when you retire?

Wealth

Saving for retirement

Planning for your retirement - Calculating whether you are on track with your financial goals can be a tricky task - we have a set calculation to help.

How much should I have when I retire?

A capital sum of 17 times your final annual pre-tax salary will give you an income equal to about 75% of your salary at a retirement age of 65.


How do I know if I am on track?

 After working for

 Saved a capital sum of

 10 years

 2x  your annual salary

 20 years

 5x  your annual salary

 30 years

 10x  your annual salary

 40 years

 17x  your annual salary



What percentage of my income should I invest?

If you start at age…

And achieve CPI + 5%

25

15%

30

22%

35

30%

40

41%

45

58%



Universal Investment Principles

  1. Start with a plan.

  2. Start as soon as you can.

  3. The importance of real returns.

  4. Avoid switching and timing the market.

  5. A well diversified portfolio gives protection against risk and volatility.