Building your future, your way
The best retirement gift you can give yourself is time - time to be present for family celebrations, to share wisdom with grandchildren, or to finally explore those dreams you've been holding onto.
Creating that future starts now. At 10X Investments, we want to make saving and investing for retirement simple. You have the power to build your retirement security with straightforward, effective solutions.
On this page
- How much should you save?
- Savings products to choose from
- Tools to help you plan
- Related articles
- FAQs
How much will you need in retirement?
Most people want to maintain their lifestyle after they stop working. Experts suggest aiming to replace 60-75% of your working income in retirement. So if you earn R 40,000 per month today, you'd want R 24,000 to R 30,000 per month in tomorrow's money - keeping in mind that these amounts need to grow with inflation over time.
Why not 100%? Because some expenses typically decrease in retirement: you'll have paid off your home, your children will be independent, and you won't have work-related costs.
How to budget to save monthly
The secret to building wealth isn't in your salary - it's in the percentage you save. Whether you're earning R 15,000 or R 50,000 per month, consistently saving a portion of your income is what matters most. All the financial knowledge in the world won't help if you're not putting money aside regularly.
Tips:
- Pay your future self first
- Automate your savings (debit order)
- Adjust your savings as your life changes
If you start saving at...
If you haven't started saving for your retirement, to have 75% of your current income at retirement use the above percentages as a guide.
10X products to help you save
Retirement annuity
A tax efficient way to save towards retirement.
Preservation fund
Keep growing your savings after you change jobs.
Unit trust
A diversified, flexible investment option for your savings.
Tax-Free savings
Save up to R36,000 per year without paying tax on any interest earned or dividents received.
Tools to help you plan
Retirement calculator
See how much your retirement savings could be worth when you retire.
Calculate nowPreservation fundcalculator
Calculate how much a lump sum savings could be worth at retirement age, as well as impact of fees.
Calculate nowIncome tax calculator
Use our calculator to see how increasing your retirement annuity contribution can reduce the income tax you pay.
Calculate income taxHow to get more out of your retirement savings
Fees can make a big difference to your retirement savings over time. At 10X, we believe in keeping things simple with a single, low fee that helps your money work harder for you.
Want to see the difference? Get a free, transparent comparison of your current retirement savings against what 10X offers. We'll show you exactly how our Retirement Annuities, Preservation Funds, and Living Annuities could help maximise your savings potential.
Get a free comparison
Related articles
Frequently asked questions
Choose the best 10X fund for you
We have a selection of funds available for each product. If you need more information on how to select a fund for your specific needs, you can speak to our consultants.
Retirement annuity
Practical investing wisdom, straight to your inbox.
Patrick Tinkler
10X client since 16 Mar 2023
Excellent service and communication
I am a pensioner with all my pension investments at 10X Investments. The service and communication from this company is excellent and I am extremely satisfied. I must make a special mention of Andre Tuck who met with me at my home to discuss the benefits of 10X. He was so professional and knowledgeable.
Read more testimonialsSean de la Rosa
10X client since 27 Oct 2019
Trustworthy and effective!
I'm so impressed by 10x. Just watched their most recent market update webinar. Honest, authentic feedback on how my money is doing. I can actually understand what Chris Eddy is saying. Many times these investment houses make things so complicated. 10X team please keep it up! ❤️
Read more testimonialsRobert James Bond
10X client since 24 Oct 2017
Switching to 10X was a refreshing surprise
At 10X, I experienced very high-level people, who gave me all the info I was looking for. In fact, they exceeded my expectations. While I was sceptical initially, I found the experience very pleasant, getting my first policy, making changes when I needed to make changes, and having access to qualified people.
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