Before you start
This tool gives you a quick, indicative estimate of when you could reach financial independence and the lifestyle you could fund. To keep it simple, it makes a number of assumptions in the background, about things like investment returns, inflation, salary growth and tax.
Because of this, the results are an illustration only. They are not financial advice, and you should not decide to change your contributions or investments based on them.
We strongly encourage you to meet one of our financial advisers, who can do a detailed calculation based on your full circumstances.
Southern Charter Financial Services is an authorised financial services provider (FSP No. 8775).
My Future Lifestyle
There are three figures we need from you for us to calculate your future lifestyle and when you will achieve it. We will need: your monthly gross salary, your current retirement savings and your monthly RA contributions.
How old are you?
What's your gross monthly salary?
What's your current Retirement Annuity portfolio value?
What's your monthly contribution to your RA?
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You could reach financial independence by age
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Equivalent to 0% of your salary — capped at 27.5%, the maximum RA contribution that qualifies for the tax benefit.
Step 1 — What does your future look like?
Pick the life you're funding.
Step 2 — Your details
Step 2 — Your details
Fill in either the Rand amount above or the rate here — the other updates automatically.
Assumptions
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Your monthly contribution is assumed to increase with inflation every year, just as your salary would — so it stays level as the same percentage of your salary throughout, rather than shrinking in real terms over time.
Step 3 — To achieve financial freedom at age 65
Choose a plan to increase your contribution over time — in steps, with pay rises, or all at once.