Retirement Calculator

How do you work out how
much money you need in retirement?

This is a core part of the financial planning work that Moneyworks does with our clients. We do a Retirement Savings Analysis as part of the initial financial plan and then review progress towards those goals regularly at our annual review meetings with clients. Having this framework is important as it helps you make all your financial decisions in an informed manner. However, if you don’t feel that working with a financial planner is the best solution for you, ANZ have launched an online retirement calculator to help you work out your own goals and targets.

KiwiSaver is becoming a core part of our clients retirement savings strategy, combined with their other investments.There are many variables to take into account in this process including:

  • What age will you retire at?
  • How long do you think you will live for?
  • How much superannuation income do you expect to get from the NZ Government?
  • How much are you contributing to KiwiSaver?
  • Is your employer contributing to KiwiSaver for you?
  • What other income sources do you anticipate receiving?  Other superannuation or pensions?  Working part time for a few years?
  • What income do you need to live off in retirement?
  • What lump sum expenses are you likely to have in retirement (vehicle, whiteware, house maintenance, travel)?
  • What financial legacy do you want to leave?
  • What is your risk profile? Is is different for KiwiSaver and for your non-KiwiSaver investments?
  • What assumptions do you want to make?What rate will inflation be at while you are saving for retirement? What will inflation be in retirement?
  • What investment return will you be aiming to get while saving? in retirement?
  • What tax rate will you be taxed at before retirement? After retirement?

If you prefer the
‘do-it-yourself’ approach, head over to the ANZ Retirement Calculator by clicking on this button. It will help if you have information on your existing investment values before you start the process.

Getting your unclaimed Australian Super back to NZ

For a number of years, you have been able to bring your Australian Super back to New Zealand IF you are retired and past the age to access the super OR if you put it into your KiwiSaver. The processRead more

Elder Abuse - help your family hold on to their money

A recent Stuff article reminded us about how invasive and destroying elder abuse can be.  Read more here about the 92 year old who was 'cleaned out' of $500,000 - ‘She cleaned him out’: FamilyRead more

The Great Wall of Trees

A giant wall of trees that is being built across Africa is making a huge contribution to the UN’s Sustainable Development Goals. The 16 km wide wall of trees, bushes and shrubs crosses Africa’sRead more

Welcoming a new team member - Grace

Grace joined Moneyworks as our Administration Manager in 2021 and works part-time.  While Millie Moneybot (our robot) does most of the routine administration, there are still a number of things thatRead more

Sustainable Investing - Climate Change and human activity and how investing can help slow down change

At Moneyworks we use the shorthand terminology 'Ethical Investing' to cover a range of investing styles that can also be referred to as 'Sustainable', 'Responsible', 'ESG (Environmental, Social,Read more

​ Banks being held responsible for fees, conduct and lending practices

Our banks are an integral part of our lives and pretty much hold us hostage with their fees and decisions, unless we choose to be part of the barter economy, or become self sufficient, we will alwaysRead more

How to retire - well, how to get ready to change your life

Our byline on our logo is 'Helping you get to and through retirement - ethically'. Yes, this is mainly about making sure that you have enough money to enable you to retire, and that if somethingRead more

Should New Zealand Superannuation continue to exist as it is?

Moneyworks was established in 1997, which was the same year that the referendum on compulsory superannuation was held as a result of Winston Peters negotiations to form a Government.  ThisRead more

Should adult children be able to challenge their parents wills?

You will have seen the headlines in the media about families at war over their parent’s wills.  The arguments of the Green familyRead more

The Dow Jones turns 125 years old

If you have been investing for some time - even it has just been in KiwiSaver, you will know that markets go up and down in value depending on market events, but over time they do increase.  This isRead more

Cyber Security issues and protections are getting far more important

As your financial adviser, we work with you to reach your goals, in particularly to get you to and through retirement - ethically (for those who want ethical investments).  But a big risk to yourRead more

Abuse of people knows no limits

We all know the stories of people being abused within closed doors, and New Zealand has the Family Violence Act (was Domestic Violence Act) to recognise the harm that abuse incurs. Email and socialRead more
 

This product has been added to your cart

CHECKOUT