Retirement - am I on track?

What your savings would pay you, in today's money, and what a two-pot withdrawal costs.

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Example data - to be completed. These numbers belong to a sample household. Use your own numbers →

51 OUT OF 100 0 100

Behind

On current savings you would retire on about 51.5% of the income you need.

Pot at 65
R 4 054 304
What R 420 000 plus R 4 000 a month grows to, in today's money (4% real growth).
Monthly income
R 13 514
What that pot pays at a 4% drawdown.
Income needed
R 26 250
What you spend now, less what ends before you retire, at the share you keep.
Two-pot savings pot
R 30 000
Costs about R 9 300 in tax to cash in now, at your 31% marginal rate.
Growth given up
R 97 302
What that R 30 000 would be worth at 65 if you leave it.
On-track score
51 / 100
Projected income as a share of the income needed.

What this means

  • Pot of R 450 000 at age 35, adding R 4 000 a month for 30 years. R 30 000 of it is cashed in from the two-pot savings pot now.
  • The gap is about R 12 736 a month of retirement income.
  • Cashing in R 30 000 from the savings pot now costs about R 9 300 tax and is worth about R 97 302 at 65.
  • That income is 38.6% of your R 35 000 salary today.
  • Figures are calculations, not advice - no product is recommended.

See the assumptions →

Assumptions in the example

  • Age 35, retiring at 65, saved R 450 000, adding R 4 000 a month.
  • Growth of 4% a year after inflation to start, so every figure is in today's rand.
  • Expenses of R 35 000 a month, less R 0 of loan repayments that end before 65 and R 0 of school fees, then 75% kept = R 26 250 a month in retirement.
  • Two-pot tax at the marginal rate on a R 35 000 salary a month (SARS 2025/26 tables).

What happens to your statement

A statement we can read is never written to disk and is never kept. Your PDF or CSV is read in memory, the transactions are taken out of it, and the file itself is gone before the page comes back. We never have a copy of a statement we could read.

The one exception is a statement laid out in a way we cannot read yet. Then we keep one encrypted copy of that file, not linked to your account here, so we can teach the site to read that layout, and we delete it after 30 days. Nothing from it is added to your transactions.

The transactions we read out of it are kept for 13 months, so that your statements are still here when you come back next month and so this September can be put beside last September. What is kept for each transaction is exactly this: the date, the description as your bank printed it, the shop name we worked out from it, the amount, the running balance if your bank printed one, and the category it ended up in. Alongside them we keep which bank it was, which account type your bank printed on it, and which dates it covered.

We keep your account number, and we hold it encrypted. It is on the screen because it is the only thing that tells two accounts at the same bank apart — two Investec accounts can both be called "Private Bank Account". It is stored scrambled with a key that is not kept in the same place as the number, and it is deleted when the rest of your statements are: with your account if you have one, or with the 13 months if you do not.

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After 13 months it is deleted automatically, by a job that runs every night, and the 13 months starts again each time you come back. An account is the exception: your statements are kept for as long as the account exists — a tool for putting this September beside last September cannot delete the September you came back to compare against.

We also keep a count of how often a shop lands in a category — like “CHECKERS, Groceries, 412 times” — and your corrections improve it. That count is all we keep: no amounts, no dates, and no link to you or to anyone else.

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When you tell us to always file a shop or a description under a category, that rule is kept with your statements — the text it matches, the category you chose and, if you limited it to one account, which account; nothing else. The Rules page lists every rule and deletes any of it.

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