Calculated balances are only estimates and based on various assumptions. The estimated retirement balance should not be relied upon in isolation when making decisions. Please take into consideration other fund details. We recommend that you seek professional advice from a suitable authorised or registered financial adviser which takes into account your personal circumstances before making an investment decision.
Retirement Balance - How the calculator works?
Some assumptions made:- Your current KiwiSaver account balance is $12,000 (you can change this amount using the filter).
- Your salary: $55,000 (you can change this amount using the filter). Whatever amount you choose, it will be assumed that your salary increases by 1.5% each year.
- Your employer’s contribution rate: 3% and remains constant over the life of your contribution. The calculator takes into account the ESCT (employer superannuation contribution tax) rate.
- Projected results are in today’s dollars adjusted for inflation of 2% per year to show the 'real' buying power of your savings in the future.
- It is assumed that you don’t take any holiday contributions, make any early withdrawals or contribute any lump sums.
- The projected return for each fund takes into account not only their individual past returns but the long term average returns of similar category of funds. Generally, while funds within the same category may produce varying returns, over longer periods of time funds in the same category show the tendency to produce returns that fall in a narrower range. The calculator adjusts for this observation. All fund returns used in the calculations are net of 28% PIE tax.
How the search tool works?
We recommend that you seek professional advice from a suitable authorised or registered financial adviser, which takes into account your personal circumstances before making an investment decision. This search tool takes into account investment timeframes and some fund characteristics. All information displayed (except the Estimated Balance in Retirement), is directly sourced from public disclosures put out by Providers.
- Based on your responses to the questions the tool identifies funds that satisfy the criteria that you specify. You can change the criteria at any time and you will be shown a different set of funds.
- The funds listed in the table will typically be those that invest in multiple types of assets (such as shares, bonds, property etc.). Some funds invest only in one type of asset. These may not appear on the main list. But, you can choose them from the filter on the left and compare to all the funds on the main list. Just start typing in the name of any provider.
- You can sort all the funds on the basis of the fees they charge, or how they performed over the last 3 years, or what the calculated estimated future balance could be (remember this figure is based on a number of assumptions and should not be relied upon in isolation). To sort the columns, simply click on the header of each column.
- Clicking on More Details to the right of each fund will give you a detailed view of each fund.
- You can compare up to 3 funds at a time. Simply check the tickboxes near each fund name.
