Calculating the capital amount you require in order to retire comfortably can be an eye opening experience.

This retirement calculator will show you how much your retirement savings should amount to at todays date and what the total capital amount required will be at retirement age. The real eye opener is when you make the different retirement funds required calculations based on the number of years after retirement you will live. This is probably not something you have calculated before as most retirement funding consultants or retirement planners will work off an average age of death based on a very large sample of people around the world or the country. If you have any Gold Coins like Krugerrands, you may be very surprised at what you can achieve by selling your Gold

Use this retirement calculator to get an idea of what you need to do in order to save enough for retirement.

In order to cater for your retirement adequately, you need to consider the ages at which family members died of natural causes over as many generations as you can. This will give you a fair idea of how long you can expect to live after retirement and then make the calculations of the capital you will need at retirement to live a comfortable life up until your death.

Retirement calculations are not an exact science and it is a fact that people are living longer, so make an educated guess by assuming you will live longer than most of your relatives and then use the retirement calculator.

As much as 90% of South Africa’s population will not be able to retire comfortably at age 65 and the simple reason for this is that they did not start saving for their retirement at an early enough age or grossly underestimated how much they would need to retire. Retirement calculations should be done every couple of years to ensure that you have sufficient retirement savings and to adjust your retirement portfolio to fill the gap in your retirement funding.

Do the calculations and then take steps to ensure that you are able to retire. Consider additional retirement annuities and pay special attention to you pension fund payment. It is a common mistake of many when calculating retirement requirements that they assume their pension fund contributions are taking all of their earnings into consideration. Read the article on pension fund calculations and funding the gap before you calculate what you need at retirement age.