New member replacement ratio calculator
We suggest you watch the accompanying video that explains how your retirement fund works and then use this calculator to determine how much you should be saving for retirement.
A general industry guideline is to aim to retire with a pension of at least 75% of your pre-retirement income. This % is commonly called the replacement ratio.
This calculator aims to give you a projected replacement ratio % of your retirement income, (measured against your pre-retirement pensionable salary) based on your member share (fund value) at retirement.
Please note that this is not an actual annuity (pension) quotation. The cost of converting your member share into a pension at retirement will depend on actual market conditions and pricing at the time and will thus be different from the projections and assumptions we used here. It is therefore essential that you obtain actual quotations in the last 5 to 10 years before retirement.
In order to provide you with this projection, we had to make a number of assumptions based on our current understanding of the retirement industry and the investment markets. Actual future events are bound to be different from the assumptions we have made, and this will affect the projections. The projections can therefore not be guaranteed. It is intended as a guideline only and does not constitute financial advice. Please note that any assistance your HR department provides you in the use of this calculator also does not constitute financial advice.
You can use these illustrative values as guidance, but are encouraged to obtain a fresh calculation regularly and to consult with an accredited financial adviser.
How to use this new member calculator
  • Insert the required information in the various fields. Ask your HR department for any information you’re not sure of.
  • Once you have entered all the required information, press “calculate” at the bottom of the screen. The calculator will display your projected replacement ratio, comparing it against your targeted replacement ratio.
  • You can now use the sliding bars to adjust any of the values. This will give you a very good indication of what you need to do to increase the value of your pension at retirement. It could be that you need to increase your contributions (save more each month) or change your retirement age (work for longer).
Member details
PEAR as rand value
R 0
(based on PEAR)  
Retirement savings