Most of us will reach retirement one day, but not all of us will be able to retire in comfort. In fact, only 10 percent of all people can retire financially secure. It is therefore important that you start saving for retirement as soon as possible.

Your benefit in the Columbus Retirement Fund might not be sufficient and you will most probably have to either increase your contributions to the Columbus Retirement Fund or use other vehicles to increase your savings for retirement.

Don’t leave it too late, start now!

The retirement provision calculator below will give you an indication of whether you have enough savings to retire on.

Please note that this is not a financial planning tool and will only give you an indication. For assistance with planning for your retirement, please see your own Personal Financial Advisor.

Retirement Provision Calculator:

Pension Provision Calculator
    yyyy-mm-dd
1. Date of Birth?
2. Total Package cost to company:  
  a) Wages or Package Earnings Wages     Package
 
R
3. Contributions  
  Pension Section Contributions Allocation  
  a) Member Contribution (investment for retirement benefits): % (please select from the dropdown)
  b) Employer Contribution (investment for retirement benefits): 3%
  c) Employer Contributions (death, disability and fund administration): 3%
  Provident Section Contributions Allocation  
  d) Employer Contribution (investment for retirement benefits):
% (please select from the dropdown)
  e) Employer Contribution (fund administration): 0.5%
4. Fund Credit in both Funds (click here to access your values on-line) R
    yyyy-mm-dd
5. Fund Credit in both Funds as at the beginning of which month
6. Additional contributions outside of these Funds (if any) % (please select from the dropdown)
    yyyy-mm-dd
7. Starting month of additional contributions
8. Retirement Age 60 years
9. Percentage interest you expect to earn above inflation (per annum) % (please select from the dropdown)

Assumptions

In determining whether you will have enough savings to retire on, certain actuarial assumptions were used. 
Please note:  this calculation is only an estimate and does not give the member any right to benefits.