GuideStation
GuideStationMoneyRetirement savings gap

Am I saving enough for retirement?

A quick check against the share of your income you want to replace. Set the percentage, and see how much of that target your current savings and contributions are on track to cover.

Your details

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years
18 years70 years
years
55 years75 years
R
R100 000R3 000 000

Monthly equivalent: R50 000

75%
50%100%

Financial planners typically recommend replacing 75% of your pre-retirement income. Your expenses may be lower in retirement (no commute, paid-off bond) but healthcare costs often rise.

R
R0R10 000 000

Include your pension fund, provident fund, RA, and any preservation funds.

R
R0/moR50 000/mo

Your contribution plus any employer match.

Advanced— growth assumption (5% real)
5%
2%10%

Real return (after inflation). For example, 5% here ≈ 10–11% nominal at typical SA inflation. Balanced funds typically return 4–6% real over the long term.

You're not on track yet
30% of your target funded

You're projected to reach R11 301/mo of the R37 500/mo you're aiming for.

On track for
R11 301/mo
Target
R37 500/mo
Shortfall
R26 199/mo
Projected pot at retirement
R3.39m
in today's money
Capital needed
R11.25m
to fund R37 500/mo
Monthly shortfall
R26 199/mo
in retirement income
Extra saving needed
R9 444/mo
starting today to close it
Your current savings rate covers less than half of your target retirement income. This is common — many South Africans face this gap. Even small increases in monthly contributions can make a significant difference over 30 years.

Projections use real (inflation-adjusted) returns and a 4% sustainable withdrawal rate. These are estimates — speak to a qualified financial adviser for personalised advice.

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Estimates use a 4% sustainable withdrawal rate and real (inflation-adjusted) returns. For planning only — speak to a qualified financial adviser before making decisions.