Why Income Protection should be part of your retirement planning

My current age is:
My current monthly gross salary is: R
I am expecting the percentage of my salary to increase annually by: %
The current percentage of my salary that I save towards retirement is: %
The amount that I have saved so far towards my retirement is: R

What if I had no income for 3 months due to injury or illness?

You are saving (X)% of your
income every month for retirement

You are in an accident, or fall ill,
and can't work for 3 months

Just 3 months of lost income “cost”
you (R) by the age of 65!

You will either have to live
on (Y)% less income
when you retire

You will have to work for (Z) months
past the retirement age of 65 to make
up for the 3 months loss of income

75 is the new 65 - you may have to work longer than you think

You have just started saving (X)%
of your income every month
towards your retirement

After you retire, you would like an
income of 75% of your
expected earnings.

If you lived to 90 and retired at 65...

You would run out of money by the age of 74 – 16 years before you die, if you lived on 75%.

To stretch your savings to age 90, you could only live on 42% of your required income...

You would need to
work an extra 8 years
and only retire at age 73.

If you lived to 100 and retired at 65...

You would run out of money by the age of 74 – 16 years before you die, if you lived on 75%.

To stretch your savings to age 100, you could only live on 42% of your required income...

You would need to
work an extra 8 years
and only retire at age 73.

These values are based on our retirement calculator. We have made a number of simplifying
assumptions and ignored the impact of tax for illustrative purposes.
Please consult your financial adviser for any advice regarding your retirement plan.

Why Income Protection should be part of your retirement planning

Your retirement reality

What if I had no income for 3 months due to injury or illness?

75 is the new 65 - you may have to work longer than you think