Skip to main content.

Please be aware you are using an unsupported web browser.

Because of this, you are viewing an HTML only version of Sorted.

You can find more information about the range of supported browsers on our technical help page here.

Please contact us if you are still having problems.

The Sorted Team

Upgrade now. Upgrade to the latest version of Chrome (opens in a new window). Upgrade to the latest version of Internet Explorer (opens in a new window). Upgrade to the latest version of Firefox (opens in a new window). Upgrade to the latest version of Safari (opens in a new window).

Sorry, you need to have JavaScript enabled to use Sorted’s calculators. Visit our Technical Support page to find out how to do this.

Retirement planner

This calculator will help you work out how much you will need to save for your retirement depending on the lifestyle you’d like.

You can include other schemes, such as your KiwiSaver account and your partner's savings too.

Retirement lifestyle

About you

Your gender

Men and women have different life expectancies, so may need different levels of retirement savings.

Month and year you were born

Month

YYYY

The age you would like to stop full-time paid work. NZ Super (the government pension) is paid from age 65 but you don't have to stop working at 65.

This is the average life expectancy for your gender, based on data from Statistics New Zealand. You can change this to a different amount.

If you increase the life expectancy you will require more money to fund your retirement income. Likewise, a shorter life expectancy requires less money.

You can use the calculator to plan for just your retirement or for both you and your partner.

Your partner's gender

Month and year your partner was born

YYYY

Your desired retirement lifestyle

 
$

How much you want to live on in retirement.

Think about what you spend now and how that could change in retirement - e.g. will you still have mortgage or rental payments?

Retirement income

Enter the amounts you expect to receive from various sources during retirement.

NZ Superannuation

This is the government pension paid to most New Zealand residents from age 65. To exclude NZ Super from your planning, untick the box. Learn more about NZ Super.

Rates shown are current as at 1 April 2012.

If you want to plan for your retirement assuming that there will be no NZ Super, change the value to zero.

$
$

Other sources (optional)

Use this section for any other lump sum you expect to receive on retirement (after taxes have been paid), such as a payout from another superannuation or savings scheme, or proceeds from the sale of a house. Learn more about retirement income.

KiwiSaver Lump Sum

$

The amount you expect to receive at age 65 from your KiwiSaver scheme. We assume your lump sum will continue to earn interest and that you will draw down the total amount over your retirement years.

To find out your lump sum use the KiwiSaver account calculator

$

To find out your partner's lump sum use the KiwiSaver account calculator

Other lump sums (e.g. other retirement or savings schemes)

$

Any other lump sum you expect to receive on retirement (after taxes have been paid), e.g. a payout from another superannuation or savings scheme, proceeds from the sale of a house, etc.

$

Other income sources (e.g. rental income)

 
$

Other regular income you expect to receive in retirement (after taxes have been paid) in addition to NZ Super, e.g. rental income.

 
$
Your results are off

Savings amounts have been adjusted for inflation. For example, at 2% inflation per annum, $200,000 saved today will actually be worth $120,000 in 20 years time.

To see the results without the effect of inflation, select 'Inflation adjusted results Off

Oops, some information is missing.

Please check the questions.

For that retirement lifestyle, you will need an extra --
per week while you are both under 65

This amount is the difference between your desired retirement lifestyle and your current retirement income plans.

For that retirement lifestyle, you will need an extra --
per week while you are both under 65

This amount is the difference between your desired retirement lifestyle and your current retirement income plans.

Congratulations Your retirement planning is on track!

The additional lump sum you'll need at retirement is:

This is the additional amount you will need to save by the time you retire to have the lifestyle you‘d like in retirement.

$ --

To achieve this, you need to save about this much extra until you retire:

This is the extra amount you need to save regularly to achieve the additional lump sum.

$ --

Planned retirement income

This is a summary of the different sources of retirement income you entered under “Retirement income”.

Go back to the “Retirement income” tab to change these amounts.

$ -- per

This is the amount you entered under "Your desired retirement lifestyle" for how much you want to live on in retirement.

$
  • NZ Superannuation
    $ --
  • KiwiSaver lump sum
    $ --
  • Other lump sums
    $ --
  • Other income sources
    $ --

How much would you like to live on in retirement?

 

Retirement income options

Other regular income you expect to receive in retirement in addition to NZ Super, e.g. rental income

Other ways to bridge your retirement income gap include retiring later, or working part-time.