Retirement planning

[Kornhub]

Unless I am doing something wrong, there's something off with this calculator.

I used a hypothetical scenario but was in line with my own situation. When I was 60 years old, I had roughly about R10 500 000 in my pension fund. That would have given me ±R65 000 per month, and ±R44 000 per month after tax. I went on pension just after I turned 61 the next year.

I put those values into the calculator, but it indicated that I needed to pay in an extra R717 733 per month to achieve a goal of getting R44 000 per month after tax. That extra per month would have added an extra R8 612 796 (excluding any interest gained)to my existing R10 500 000 making a total of R19 112 796. That amount would have given me more than R120 000 before tax deducted, which probably would have been roughly R75 000 after tax. This is almost double the targeted monthly income of R44 000 after tax.
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I will DM you my details so you can put me in your will.

 

[Kornhub]

Loool I am not on track and assuming I dont lose my job soon. That didn't make me depressed at all.