We've based the figures on what we know about you, projected calculations and future assumptions to indicate what we think you might have at 65.
Of course, it's important to remember that these figures are estimates only, and they'll change from year to year. If you change your contributions and the value of investment markets changes, these estimates will change, especially if you’re a long way from age 65.
Here is the list of assumptions we've used to calculate your retirement amount:
The estimated retirement lump sum at age 65 and the estimated retirement income each week are shown in both future values AND in today’s money value.
Your income during your retirement comes from both:
Remember your retirement lump sum and income given here are not guaranteed – this is only a guide!
To calculate the values in today’s money we have assumed a 2% annual inflation rate.
Assumed rates of return
We estimate that the rate of return for your fund (from now until you retire at 65) will be:
|Assumed rates of return (after fees and tax)|
|Fund||10.5% PIR||17.5% PIR||28% PIR|
|Asset Class Conservative||4.4%||4.1%||3.8%|
|Asset Class Balanced||5.4%||5.1%||4.7%|
|Asset Class Growth||6.3%||6.1%||5.6%|