Calculators · Saving

Savings goal calculator

Work out how much to save each month to reach a target by a set date: a deposit, a child’s education, or your first million.

Tick this to grow the target with inflation, so it keeps its buying power.

Each TRG Wealth Builder fund keeps a fixed asset allocation and aims for a set return above inflation, stated in its fact sheet. The calculator uses that target as the return. Targets are not guaranteed.

Inflation plus the fund’s target. To use your own figure, choose “Enter my own return” above.

Raising your saving each year lowers the amount you start with.

Grows your target when it is in today’s money. With a TRG fund chosen, it also sets the return.

Results update as you type. Your figures stay in your browser; we don’t store or send them.

Your result

Save about

Breakdown of the result
Target
Monthly saving to start
You put in, including what you’ve saved
Growth
Plan this with an adviser

How your savings build up

  • You put in
  • Growth
Show the figures year by year
YearYou put inGrowthBalanceIn today’s money

How the calculator works

The calculator finds the monthly amount that, saved at the end of each month and raised by the yearly increase you choose, reaches your target at the return you enter. Anything you have already saved is invested from the start and reduces the monthly amount.

A target in today’s money grows with inflation. R 1 000 000 in ten years at 4.5% inflation becomes about R 1 553 000, so the plan aims for that figure.

Regulation 28

Regulation 28 of the Pension Funds Act limits how retirement funds invest, for example how much they can hold in shares and offshore. It applies to retirement annuities and to pension, provident and preservation funds. The TRG Income, Stable, Moderate and Balanced funds comply with it; the TRG Flexible Fund does not.

Investments outside a retirement fund, such as unit trusts and tax-free savings accounts, aren’t bound by it, so every fund in the list is open to them. Inside a retirement annuity, choose a fund that complies.

What the result leaves out

  • Fees and tax, which reduce your return. Enter a return after fees for a closer figure.

  • The ups and downs of real markets. The calculator uses the same return every year, and a short time frame leaves little time to recover from a fall.

Past investment performance is not necessarily indicative of future performance. Projections are based on assumptions that may not materialise. The value of investments may go down as well as up. The information on this website is general and should not be seen as financial advice or a recommendation. We trust our sources but can’t guarantee absolute accuracy or completeness. Talk to a TRG adviser about your own circumstances.

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See what a lump sum and monthly contributions could grow to, and what that is worth in today’s money.

Home loan repayment

Your monthly bond repayment, the total interest, and how much an extra payment each month saves.

Inflation

What something will cost in future, and what a future amount is worth today.

Retirement annuity tax

The tax your retirement contributions save, and how much more you can put into an RA before the limit.

Tax-free savings

How much you can still put into a tax-free savings account this tax year, and the penalty on going over.

Retirement lump sum tax

The tax on a lump sum at retirement or when you leave a job, including earlier lump sums.

Living annuity drawdown

How long a living annuity can pay the income you want, and when the legal maximum starts to cap it.

Estate duty and estate costs

Estate duty, executor’s and Master’s fees and capital gains tax, and whether your estate has the cash to pay them.

Two-pot withdrawal tax

The tax on a savings pot withdrawal, and what your fund pays you after tax and fees.