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

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[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

My wife recently passed away and there was a substantial death benefit linked to her retirement fund. 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.

The plan is to invest just enough into an annuity to supplement my existing pension fund, in order to retire comfortably one day. The rest I will probably invest in property, so I can substitute the missing income, and still have some growth on my investment. .profile-top a { text-decoration: none !important; } .profilequote { position: relative; background-color: #f3f3f3; border-top: 2px solid #c9c9c9; color: #333; padding: 15px 15px 10px 15px; border-radius: 10px; } .profilequote:after, .profilequote:before { bottom: 100%; left: 100px; border: solid transparent; content:""; height: 0; width: 0; position: absolute; pointer-events: none; } .

 

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