Retirement Planning Calculator
Retirement planner
Long-term retirement projection and risk simulation
Profile and balances
NSSF contributions, Tier I and II
Pension returns
Brokerage returns
Retirement withdrawals
Finance Act 2025: retirement age, 20+ years NSSF, or ill-health.
Enter inputs and run the projection to see results.
Key assumptions
- NSSF inflow is derived from salary and the Tier I and II limits (NSSF Act 2013), capped, not freely chosen
- Discretionary saving tops up the brokerage sleeve; NSSF is the bounded floor
- Tier II can be contracted out to a private fund (same tax treatment, different return and volatility)
- NSSF deductions are pre-tax (they reduce taxable income before PAYE)
- Monte Carlo runs Tier I, Tier II and brokerage as independent return streams, each with its own mean and volatility
- Simplified tax treatment
- Expenses grow with inflation
- Pension withdrawals are tax-free if a Finance Act 2025 condition is met (retirement age, 20 years of NSSF membership, or ill-health), otherwise taxed at PAYE rates
- Withdrawals follow the chosen order (auto drains the tax-free account first); only what expenses require is withdrawn, and leftovers pass on as a bequest
- Brokerage returns are entered net of dividend withholding tax; the taxable portion is a blended estimate of how much of a withdrawal is gains rather than principal
Notes
Turn off employer match and set the salary to the pensionable base you choose.
Keep it low. The NSSF-managed pension behaves like a quasi-bond fund in the simulation.
NSE-listed stocks pay no capital gains tax. Take the 5% resident dividend withholding tax off the return instead of taxing withdrawals: a 4% dividend yield costs about 0.2% a year, so enter 9.8% rather than 10%.
A returns and volatility decision only. The tax treatment is the same either way.
80% or higher is the usual planning benchmark. 60 to 79% is acceptable if you will carry more risk for a lower monthly contribution.
Backtests, walk-forward models, and projections shown here are experimental mathematical tools applied to historical public disclosures, for quantitative research and educational purposes only.
Historical model accuracy does not guarantee future results, and the outputs are not forecasts, valuation guarantees, price targets, or solicitations to trade.
Multi-scenario charts (including Base, Bull, and Bear projections) are automated trend-extrapolation models applied to historical data, illustrating theoretical outcomes at fixed mathematical variances. They are not financial forecasting, earnings guidance, price target predictions, or investment advice.
Outputs are built from user-supplied inputs and historical disclosures. Nothing here is an offer, solicitation, or personalized recommendation to buy, sell, or trade any security, financial instrument, or insurance product, or a substitute for professional financial, tax, legal, or estate planning advice.
Retirement is one part of the plan
Carry these figures into the full planner, where retirement sits beside net worth, goals, tax and insurance on one set of assumptions.