Deducted from your before-tax pay
Minimum 3% by law
Max $260.72/year (member tax credit)
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Projected Balance at 65
$512,729.92
Monthly Retirement Income
$2,300.19
Drawn down over 25 years
Replacement Rate
Aim for 65-80% of your working income
What KiwiSaver rate should I choose?
You can contribute 3%, 4%, 6%, 8%, or 10% of your before-tax pay. A higher rate means more savings for retirement but less take-home pay now. Most people start at 3% and increase over time. Your employer must contribute at least 3% regardless of your rate.
How much do I need to retire in New Zealand?
A common guideline is to aim for 65-80% of your working income in retirement. NZ Super provides a base income, so your KiwiSaver needs to fill the gap. For a comfortable retirement, many advisors suggest a KiwiSaver balance of $500,000 to $750,000 by age 65, depending on your lifestyle.
What is the government contribution?
The government contributes 25 cents for every dollar you put in, up to $260.72 per year (halved from 1 July 2025). To get the full amount, you need to contribute at least $1,042.86 per year. This is sometimes called the member tax credit. You must be 18 or over and under 65 to receive it, and you are not eligible if you earned more than $180,000 in the previous tax year.
Note: This is an estimate only. Actual returns depend on your fund's performance. Past returns do not guarantee future results.
Disclaimer: This calculator provides estimates based on current Inland Revenue (IRD) rates and thresholds for the 2026/27 tax year. It does not constitute professional tax, financial, or legal advice. Your actual liability may differ depending on your individual circumstances. Always consult a qualified tax adviser before making financial decisions. Read our terms
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