I am years old and .
My KiwiSaver balance is .
My annual salary is and
my contribution rate is .
My annual KiwiSaver contribution is .
Age :
Employment status:
KiwiSaver balance :
Annual KiwiSaver contribution: .
Annual salary :
Contribution rate :
Compare :
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    How this calculator works:

    Compare: Fund type

    The calculator compares the NZ Funds LifeCycle Process investment option (which automatically allocates a member's investment across the Income, Inflation and Growth Strategies in the NZ Funds KiwiSaver Scheme each year, based on the member's age) to the average KiwiSaver default fund.

    The comparison shows the impact that asset allocation (the proportion invested in income versus growth assets) can have on your retirement savings. Please note the NZ Funds LifeCycle Process may not be suitable for all investors (for example, it may be unsuitable for members who plan to make a first home purchase withdrawal in the short to medium term). For more information on the LifeCycle Process, see the current NZ Funds KiwiSaver Scheme Product Disclosure Statement (PDS) at www.nzfunds.co.nz.

    Compare: Contribution

    This function looks at the impact of increasing the member's employee contribution rate (for employed members) or the member's voluntary annual contributions (for self-employed members).

    Compare: Retirement age

    The calculator assumes an initial retirement age of 65. This function looks at the impact of delaying the member's retirement age beyond 65. All employer and Government contributions cease at age 65 (but, as described below, employee and voluntary annual contributions continue).

    Employment status: employed

    Assumes monthly employee contributions as a percentage of salary, employer contributions of 3% less Employer Superannuation Contribution Tax (ESCT), no additional voluntary contributions, an initial retirement age of 65, and the appropriate Prescribed Investor Rate (PIR) for your current salary adjusted over time (salary increases over time at 3.5% per annum; no other incomes sources are considered).

    Employment status: self-employed

    Assumes an annual voluntary contribution paid at the beginning of each year, no employer contribution, an initial retirement age of 65, and a PIR of 28%.


    • The calculator uses actual historical market returns from July 2002 to June 2017 based on the market indices listed below.

    • The calculator shows a net return for the NZ Funds LifeCycle Process by adjusting for total annual fund charges and investor tax. Total annual fund charges are based on the estimated total annual fund charges for each Strategy set out in the current PDS. No adjustment is made for the member administration fee of $36 per annum.

    The relevant market indices used for each Strategy are:

    Income Strategy

    Bloomberg Barclays Global Aggregate Corporate Total Return Index hedged to NZD:50%

    S&P/NZX Investment Grade Corporate Bond Index Total Return: 50%

    Inflation Strategy

    S&P/NZX Bank Bills 90 Day Total Return: 30%

    S&P/NZX 50 Portfolio Index Gross with Imputation: 25%

    S&P/ASX Accumulation 200 Index hedged to NZD: 10%

    MSCI ACWI hedged into NZD: 35%

    Growth Strategy

    MSCI ACWI hedged into NZD: 70%

    S&P/NZX 50 Portfolio Index Gross with Imputation: 20%

    S&P/ASX Accumulation 200 Index hedged to NZD: 10%

    • The historical market returns used in the calculator for the Average Default Fund is based on the average asset allocation of the default KiwiSaver funds as at 31 March 2019 (which was 20.28% growth assets and 79.72% income assets) and uses the market indices for each Strategy listed above in the following proportions:

    75% Income Strategy

    15% Inflation Strategy1

    10% Growth Strategy

    The calculator shows a net return for the Average Default Fund by adjusting for total annual fund charges and investor tax. The total annual fund charges used for the Average Default Fund are the average total annual fund charges for the default KiwiSaver funds as at 31 March 2018 (which was 0.58%).

    Other assumptions

    • Employee contributions and voluntary annual contributions continue each year until retirement without any savings suspension or other non-contributing periods.

    • No withdrawals are made prior to retirement.

    • Employee contributions, voluntary annual contributions, and employer contributions (where applicable), increase over time at 3.5% per annum (the assumed wage and salary inflation rate).

    • The calculator is based on current Government policies and assumes the amounts of, and rules around, Government and employer contributions remain unchanged.

    • All amounts are shown in future dollars which do not take into account the impact of inflation on your future spending power.


    • The results obtained through the calculator are not guaranteed to occur, and the calculator is simply a tool to help you understand how choices you make may affect the value of your KiwiSaver savings at retirement. The return series used and the outcomes presented in the calculator are illustrative only, and past performance is no indication of future performance.

    • The calculator is intended as a guide only and does not constitute investment advice to any person. Before acting on the results of this calculator, you should consider your investment objectives, financial situation and needs, and if necessary, seek appropriate professional or financial advice.

    • To the extent permitted by law, neither NZ Funds nor any of its related parties accept any responsibility or liability arising from the use of this calculator.

    1The Inflation Strategy has a target asset allocation of 30% income assets and 70% growth assets and therefore the market indices listed above for the Inflation Strategy have been included in the returns calculations for the Average Default Fund.

What do you get if you join up?
We've achieved above average returns
By investing in the NZ Funds KiwiSaver Scheme, you would have benefited from a scheme earning higher than average returns.
Our fees are fair, and transparent
We’re not a charity, we’re a firm of experts. We believe you get what you pay for and that New Zealanders will be better off over time working with investment professionals.
We manage money responsibly
We work with global experts ISS-Ethix to screen investments worldwide. We are also members of the Responsible Investment Association of Australasia and a signatory of Principles for Responsible Investment.
We work with world class managers
Who collectively manage $838 billion. Our KiwiSaver scheme invests with world class global managers so that members get professionally managed local and international investments.
* List of investment managers at 12 June 2019. 1. LSV Asset Management at 30 June 2019. 2. Emerson Point at 1 October 2018. 3. MFS at 31 December 2018. 4. Suvretta Capital Management at 1 April 2019. 5. Universa Investments at 27 March 2018.
Our technology is market leading
Our members have access to market leading technology to check, calculate or change their investment, so they remain closely connected with their KiwiSaver account.
We're local and international
Our globally diversified approach ensures that members are invested both locally and internationally, so that their savings are not dependent on any one economy.
The above information is stated as at 18 July 2019. As NZ Funds is an active investment manager, the allocation to each country or region will change over time. Accordingly, these allocations should be regarded as indicative only, and will not necessarily represent the actual allocations at any point in time other than at the date stated. For current global diversification information, please contact NZ Funds.
We're KiwiSaver experts
Managing New Zealanders’ money is all we do. And we’re good at it. Here are some of the organisations we’ve run workplace programmes for.
We're 100% New Zealand owned
And we plan to stay that way. We’ve been managing New Zealanders' savings for over 30 years.
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