Used to calculate your replacement rate
Projected Fund Balance
R 6 098 475,20
Monthly Fund Drawdown
R 28 919,66
Over 25 years in retirement
State Old Age Grant
R 2 180,00
Subject to means test
Replacement Rate
Aim for 75% or more
State Old Age Grant
The SASSA Old Age Grant is currently R2,180/month for people aged 60+. It is means-tested: single persons must have assets below R1,372,800 and income below R99,600/year. If your retirement fund income is high, you may not qualify.
What is the State Old Age Grant?
The State Old Age Grant (also called the Old Age Pension) is a monthly payment from SASSA for South Africans aged 60 and over who meet the means test. As of 2025, the grant is R2,180 per month (R2,190 for those 75 and over). Your income and assets must be below certain limits to qualify.
How much should I save for retirement in South Africa?
Financial advisors in South Africa generally recommend saving 15-17% of your salary towards retirement over your full working life. Aim for a replacement rate of 75% of your final salary. Starting early makes a big difference because of compound growth.
What is a good replacement rate?
A replacement rate is the percentage of your working income that your retirement income replaces. A rate of 75% or more is considered good. Between 50% and 75% means you may need to adjust your lifestyle. Below 50% could mean financial difficulty in retirement.
Note: This is an estimate only. Actual investment returns will vary. Speak to a registered financial advisor for personal advice.
Disclaimer: This calculator provides estimates based on current HMRC rates and thresholds for the 2025/26 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 accountant or tax adviser before making financial decisions. Read our terms
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