KiwiSaver - Balance at Age 65 Calculator

(KiwiSaver as it was - pre Budget 2011)

This calculator gives you ballpark figures of what your retirement savings balance would be, if you contributed two, four or eight percent of your before tax salary to the KiwiSaver Scheme. This is a retirement savings program brought in by the New Zealand Government and updated in their 17 May 2007 budget and then further updated on the 1st April 2009.

For KiwiSaver calculator based on the original scheme - Just click here

For KiwiSaver calculator based on post Budget 2011 - Just click here

For more information visit the "KiwiSaver Website" - Just click here
Annual Salary Before Tax
Estimated annual salary increase (Normally about 0.035)
Frequency Of Payments to KiwiSaver starting February of 2012
Your year of birth (to work out months until 65 years old)
Your month of birth (to work out months until 65 years old)
Your contribution rate (The percentage of your gross salary that you are going to pay in to KiwiSaver)
Enter the estimated interest or return on your investment per year before retirement. The following are some examples you could try:
A "Conservative" fund use a rate of 2.50% (0.025) above CPI; or a "Balanced" fund use a rate of 3.00% (0.03) above CPI; or a "Global Growth" fund use a rate of 3.75% (0.0375) above CPI.
Tax on investment return (Your investments are in a managed balanced fund which is a PIE (Portfolio Investment Entity). Your PIE income is taxed at either 10.5%, 17.5% or 28%, depending on your total taxable income. The Default setting is the top rate 0.28)
Estimated annual inflation (CPI 3.1% = 0.031) (New Zealand annual inflation rate - CPI - from March 2010 to March 2011 was 4.5%. The compound average inflation rate from March 2006 to March 2011 was 3.1%
(click here to check the exact rate)
$1000NZ Government KickStart contribution, One off lump sum, deposited 3 months after you start
John looks at Credit Union KiwiSaver as an option, with the New Zealand Heralds assistance.
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