How do I calculate what to invest in an annuity at 35, to get around R25m at 65?

2022/01/25 21:05:00

There is a user-friendly online tool, and it’s advisable to generate several scenarios based on different assumptions.

[READER QUESTION] 'My wife recently passed away and there's a substantial death benefit linked to her retirement fund. How much I must invest in an annuity at age 35 to get R25 million at age 65?' JesseMorgans of API replies. Moneyweb PersonalFinance

There is a user-friendly online tool, and it’s advisable to generate several scenarios based on different assumptions.

My wife recently passed away and there was a substantial death benefit linked to her retirement fund.The former Kaizer Chiefs star has been reduced to a bench warmer at Sundowns.Down to just less than R1.23 January 2022 - 16:55 Dear Mr President, I’m sure you have your hands full, what with delinquent cabinet ministers sounding the starting gun on the ANC’s internal leadership race.

From what I’ve learned so far, I need to invest the funds in an annuity fund, or pay tax on the lump sum I wish to take.I’m (only) 35 years old and have two minors to support.He will be 36 by the time his contract with Sundowns expires and possibly thinking of retirement.I therefore don’t wish to put too much money into an annuity.1% (2,091,559) of assessed taxpayers were registered in Gauteng, with 687,261 of assessed taxpayers living in the Johannesburg metro.The plan is to invest just enough into an annuity to supplement my existing pension fund, in order to retire comfortably one day."At the end of the day it's up to the player himself, it’s how he feels,” Arendse tells Kickoff.The rest I will probably invest in property, so I can substitute the missing income, and still have some growth on my investment.A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

So my question is this: how can I calculate how much I must invest in an annuity at age 35 to get to roughly R25 million at age 60-65? All the online calculators I’ve found so far don’t take the values that I wish to enter."If he feels he stands a chance especially with the hectic schedule Sundowns have; they have Champions League, they need to finish the league, there's Nedbank Cup coming up as well.This is according to a statement by the National Treasury and the SA Revenue Service (Sars), which published the 14th annual edition of the Tax Statistics on Tuesday..profile-top a { text-decoration: none !important; }.He knows what he's worth and he knows where he is at.profilequote { position: relative; background-color: #f3f3f3; border-top: 2px solid #c9c9c9; color: #333; padding: 15px 15px 10px 15px; border-radius: 10px; }.8% to just less than R1.profilequote:after,.The coach is gonna have to play all his players.

profilequote:before { bottom: 100%; left: 100px; border: solid transparent; content:""; height: 0; width: 0; position: absolute; pointer-events: none; }.profilequote:after { border-color: rgba(0, 0, 0, 0); border-bottom-color: #; border-width: 11px; margin-top: -11px; }.At the end of the day it's what the player feels and how he feels it,” Arendse said.In 2020 the economy had already contracted by 7%.profilequote:before { border-color: rgba(201, 201, 201, 0); border-bottom-color: #c9c9c9; border-width: 12px; margin-top: -12px; }.profileimg { border-radius: 50%; width: 75px; height: 75px; margin: 0 auto; overflow: hidden; border: 1px solid #eee; margin-top: -10px; }.profileimg img { opacity: 1.Sars reported that 40.

0; width: auto; }.logoimg img { max-height: 75px; } Jesse Morgans Profile Mail You raise a good question regarding online retirement calculators.When one forecasts a cash flow illustration, several assumptions need to be made.In terms of corporate income tax, of the 812,306 companies assessed as at September 2021 for tax year 2019, 24% had positive taxable income, while 48.These factors need to be reassessed on a regular basis as the assumptions may need to change.Many of the online calculators take the following into consideration: The most user-friendly retirement calculator that I have found is the M&G retirement calculator.

It allows you to easily adjust the assumption and variables which are shown in a graph.TimesLIVE.Note that tax and fees have not been factored into the calculator.Achieving your target I assume that your target capital of R25 000 000 is reflected in today’s value of money.The snapshot below suggests that at an annualised real return of 5%, you would require a lump sum value of R5 800 000 in order to reach your goal in 30 years.This assumes no additional retirement contributions over the next 30 years.

You can play around with the tool to include a lower starting value, monthly contributions and perhaps a slightly higher real return depending on your risk profile.It is advisable to consider generating several scenarios based on different assumptions.The snapshot below shows you what the tool looks like: Source: MandG Investments Southern Africa Note the following: It’s important for investors to understand the ‘rule book’ when it comes to retirement and drawing a sustainable income.Although you are still in the wealth accumulation phase, I would encourage you to watch Allan Gray’s presentation on How to manage your living annuity in uncertain times.It will give you an appreciation of what needs to be factored in when it comes to retirement.

jQuery(document).on('click', 'a[href*="#to-comments"]', function (event) { event.preventDefault(); jQuery('html, body').animate({ scrollTop: jQuery(jQuery.attr(this, 'href')).

offset().top }, 500); }); jQuery(document).ready(function () { jQuery('img[class*="wp-image-"]').bind('click', function () { jQuery(this.parentElement).

lightBox({ imageLoading:"https://www.moneyweb.co.za/wp-content/themes/moneyweb-domination/images/spinner_moneyweb.gif", imageBtnPrev:"https://www.

moneyweb.co.za/wp-content/themes/moneyweb-domination/images/bg_direction_nav.png", imageBtnNext:"https://www.moneyweb.

co.za/wp-content/themes/moneyweb-domination/images/bg_direction_nav.png", }) }); function getSelectedText() { if (window.getSelection) { var range=window.getSelection(); return range.

toString() } else { if (document.selection.createRange) { var range=document.selection.createRange(); return range.

text } } } function createTweetLink(text, e) { var oldTweetLink=document.getElementById("tweetLink"); if (oldTweetLink !=null && typeof oldTweetLink !="undefined") { oldTweetLink.parentNode.removeChild(oldTweetLink); } if (text==="") return undefined; var newTweetLink=document.createElement("a"); newTweetLink.

href="https://twitter.com/intent/tweet?text=" + encodeURI(text) +"&url=https://www.moneyweb.co.za/qa/advisor-questions/how-do-i-calculate-what-to-invest-in-an-annuity-at-35-to-get-around-r25m-at-65/&via=Moneyweb"; newTweetLink.

id="tweetLink"; newTweetLink.target="_blank"; newTweetLink.innerHTML=' Tweet'; var appendedTweetLink=document.getElementById("article-body-content").appendChild(newTweetLink); var x=(e.

clientX + 5) + 'px', y=(e.clientY + 5) + 'px'; jQuery(appendedTweetLink).css({ "top": y, "left": x }); return newTweetLink; } var textParagraph=document.getElementById("textParagraph"); if (textParagraph) { textParagraph.addEventListener("mouseup", function (e) { tweetLink=createTweetLink(getSelectedText(), e); }, false); } });.

Read more:
Moneyweb News »
Loading news...
Failed to load news.

As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of _AMBREYMARCUS1 I made a successful withdrawal of R 200,000 with the help of _AMBREYMARCUS1 . Behind every successful person there's always a helper _ambreymarcus1 is the person behind my success story he helped me earn R400,000. thanks for restoring my hope once again _ambreymarcus1 .

I'm here to show my appreciation to TarellaCampbel who took me out from zero to hero. I'm so glad to be among your winning team ma'am and I will always show my gratitude and work with you always.

George Maluleka has been advised to stay at Mamelodi Sundowns despite not getting regular game-time.George Maluleka has been advised to stay at Mamelodi Sundowns despite not getting regular game-time! 🤔 Read all about it here! ➡️ I was wondering what were they talking about with that nyaope boy They’ve repurposed him 😂🤣😂🤣 He should stay he be regular in field player. Jali wasn't a regular player in the beginning but now he is first choice

Tax revenue collections declined by 7.8% last year as Covid-19 hit hardTotal tax revenue collections for 2020/21 declined to just less than R1.25-trillion from close to R1.35-trillion collected the previous year. Well, will that be the reason sarstax is taking more than two months to pay what is due to me?

MICHAEL AVERY: If ever you need a flagship project, Mr President, this is itSA could develop a local industry around exporting green primary iron I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Leticia_thomas7 on Twitter She guides me through and i made a return of R15500 after a week of trading, connect with her Hands full? With what? He does little aside from being constantly surprised at how us common folk live in crumbling 🇿🇦 (or) papering over the subsiding country foundations via organising a Committee or task team to avoid taking any action I'm here to show my appreciation to TarellaCampbel who took me out from zero to hero. I'm so glad to be among your winning team ma'am and I will always show my gratitude and work with you always.

Asian shares and US futures slideSharp declines around Asia-Pacific region markets Bitcoin is good since i met with William_Usr I've made alot of profit from his company platform and he has honestly made life more easy for me, invest now with his platform and make $10k daily Follow him I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Michael90078 on Twitter She guides me through and i made a return of R15500 after a week of trading, connect with her

NSRI warns public to be safe around water as temperatures soarWith high temperatures forecast for many parts of the country, the National Sea Rescue Institute has appealed to South Africans to be safe in and around water. Bitcoin is something worth talking about, I decided to give it a try when i witnessed how it lifted my friend to his financial hierarchy. I invest $1500 worth of bitcoin and now with the current increase in bitcoin price I got $17,200 just in a week with the help LouiseConway86

There’s likely to be less wine to go around, after recent heatwaves hit vineyardsSome of South Africa’s vineyards have been hit by heatwaves and mildew, driving down the wine grape crop estimate for 2022.