Southern Charter
This tool will tell you when you will achieve financial independence, and what lifestyle you will live, with three options, 'essentials', 'standard', and 'luxury'.
How old are you?
What's your gross monthly salary?
What's your current portfolio value?
What's your monthly contribution to your RA?
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Everything you enter here stays in your browser.
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. It sets the income target everything below is measured against.
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.
Both graphs below share the same y-axis scale, so they're directly comparable.
At your current contribution
CurrentYour goal
GoalWant to close this gap? Set up a plan to increase your contribution over time.