Retirement Calculator

Will you have enough income or funding in retirement?

Use this calculator to help you estimate whether your current savings plan will be sufficient to fund the lifestyle you would like when you are retired.

When you are retired you can not only use the earnings of your nestegg, but you can also decumulate - that is, spend your capital. But once that is gone, only NZ Super will be available to live on.

This tool should only be used for a rough estimate. The further away your retirement is from now, the more general the results will be. And the more options you will have to fix any shortfall.

Note the Show Calculation Details button shows the details of the calculation until you run out of funds. The increase in balance at the retirement age is due to the KiwiSaver balance being transferred to you savings account and the after tax income after retirement is the NZ Super payments.

This tool is still in beta mode. If you have any queries, please use our Feedback form to let us know.

Retirement Calculator
Age
Planned Retirement Age
Income
$
Income (after tax)
$
Expenses While Working
$
Expenses After Retirement
$
Current Savings
$
Rate of Return (before tax)
%
NZ Superannuation
KiwiSaver Enrolled
Current KiwiSaver Balance
$
Employee Contribution
Rate of Return (before tax)
%
Management Fee
%
Admin Fee
$
Inflation
%
You will have enough funds to live to the age of .
This calculator only computes up to a maximum age of 120.
Calculation Details
X

4 Comments

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The results of the calculator are interesting.
Apparently I will have enough funds to live until I am 71. I am assuming the pension wasn't included in these calculations? Unless of course your are aware of something I'm not privy too? And perhaps there will be no more pensions in 20 years time?

You will have enough funds to live on to the level of the $ value you entered into the "Expenses after retirement" box until you are 71. Thereafter you will be relying solely on NZ Super fortnightly payments.

I’m ok till 120 and can’t make it increase no matter what I do so I’m planning to take up smoking at 119

I ran this, aged 35, income $150,000, 5% ROR on KiwiSaver, 3% contributions, $75,000 spend/year during retirement. Above, I can live OK until 71, but using https://www.moneyhub.co.nz/retirement-calculator.html I can relax until I'm 70. Interesting times ahead :)