Retirement
made simpleHelping you understand why
saving for retirement is important.

Why save for when I retire?

Most of us will work for 40 to 45 years of our lives. While doing so we need to meet the challenges of providing for our everyday needs, the needs of our families and still save money. In an effort to make saving for your retirement a little more manageable, we offer you retirement planning products from just R500 per month. You'll find out more about these products as well as why, and how much you, should be saving for your retirement below.
Let's do the sums

Use our retirement calculator to work out what you could earn at retirement, and how much you still need to save to achieve your retirement goal.

If you know what you need and how much you are prepared to invest then head on over to our retirement products' page to get started.

A financial adviser welcomes a customer to his office to talk about retirement options. How to save R1 million for retirement by age 65*

You have the potential to save R1 million by the time you retire at age 65. How? It’s simple. We’ve put together some examples to show just how you can start saving toward your own R1 million retirement fund(combine the contribution and the potential growth).

Age
Monthly payments
Total contribution
Potential growth
25 years
R160
R236 660
R763 340
35 years
R420
R332 940
R667 060
45 years
R1 200
R473 810
R526 190
55 years
R4 520
R682 680
R317 320
60 years
R12 420
R823 440
R176 560
25 years
35 years
45 years
55 years
60 years
Monthly payments
R160
Total contribution
R236 660
Potential growth
R763 340
Monthly payments
R420
Total contribution
R332 940
Potential growth
R667 060
Monthly payments
R1 200
Total contribution
R473 810
Potential growth
R526 190
Monthly payments
R4 520
Total contribution
R682 680
Potential growth
R317 320
Monthly payments
R12 420
Total contribution
R823 440
Potential growth
R176 560
*The purpose of this table is to illustrate the possible future value of savings and is not to be taken as advice, as amounts can change. The examples above assume an 8% expected annual growth in value of savings; a 5% expected annual inflation rate and the amount that you need to save will differ from the example.
Ready to learn about our products?

You'll find a summary of our products geared to saving for retirement below.

Optimal Retirement Annuity

Increase, decrease or pause premium payments if your finances change with with Max Investments Optimal Retirement Plan. This retirement annuity adapts to your needs as your life changes.

  • Starting premium: R500 per month
  • You can stop investing if you need to
  • You may withdraw a portion of your retirement savings before retirement for emergencies once a tax year (subject to fees and tax)
  • Your investment growth is tax free
  • Reap the benefits of investment boosters which kick in on your fifth anniversary and give you a percentage of your fund value back
  • You can invest online but if you are still unsure then speak to your financial adviser or connect with one using the link below
A middle-aged man takes time out to go surfing on a local beach. Unit Trusts Retirement Annuity Fund

A unit trust-linked retirement annuity that offers you investment choice and flexibility.

  • Starting premium: R500 per month
  • A tax-efficient investment vehicle
  • Wide range of funds to choose from
  • You can switch funds within your portfolio as your needs change along your retirement journey
  • You can invest online but if you are still unsure then speak to your financial adviser or connect with one using the link below
An older man close to retirement age goes online to view his retirement annuity. Flexible Retirement Annuity Plan

Max Investments Flexible Retirement Annuity Plan is designed to help you save for retirement, when you can, how you can.

  • Starting premium: R500 per month
  • Choose how you want to pay: once-off, regular payments or both
  • Access to leading funds managed by a range of top fund managers in South Africa
  • The longer you stay invested, the less you pay in asset plan charges
  • Your contributions are tax deductible up to a certain limit
  • You can invest in this product over the phone but if you are still unsure then speak to your financial adviser or connect with one using the link below
A middle-aged woman wearing an apron bakes cupcakes with blue icing in her kitchen. Old Mutual Retirement Plan

An affordable, long-term savings plan that aims to earn you inflation-beating returns over the long term.

  • Starting premium: R450 per month
  • Your contributions to the plan are tax-deductible to a certain limit
  • Your money is invested in a Smoothed Bonus Fund that strives to deliver inflation-beating returns over the long term
  • The Premium Holiday Benefit allows you to miss up to six premiums over the lifetime of your plan
  • You can invest in this product over the phone but if you are still unsure then speak to your financial adviser or connect with one using the link below
An elderly man carries his granddaughter on his back while she eats ice-cream. Get more insight into retirement planning in South Africa

Some recommended reading to help you get a grip on retirement.

Welcome to Old Mutual SuperFund

Let's get you started! To help you access the information that you need, please select the card that is relevant to you for more information.