Retirement Calculator

Estimate the corpus you may need for retirement and the monthly savings that could help you get there. Figures are illustrative only.

Current Age

years

1855

Retirement Age

years

4570

Life Expectancy

years

6595

Current Monthly Expenses

₦

30,0005,000,000

Expected Inflation Rate

530

Pre-Retirement Return Rate

530

Post-Retirement Return Rate

320

Estimated Monthly Expenses at Retirement

₦9,931,766

Estimated Monthly Savings Needed

₦428,936

Retirement Corpus Estimate

Total Investment

₦154,417,127

Estimated Growth

₦2,229,206,663

Required Corpus at Retirement₦2,383,623,790

Disclaimer

This calculator is for educational and illustrative purposes only. It does not constitute financial, investment, or tax advice. Results are estimates based on the inputs you provide and may not reflect actual returns. Consult a qualified financial advisor before making any investment decisions.

Turn The Numbers Into a Plan

Use these calculators to model outcomes, then see how Shares Saver helps you build direct ownership of Nigerian stocks through a regulated, long-term investing process.

Explore the Investment App Learn About Direct Ownership

Frequently Asked Questions

Under the Contributory Pension Scheme (CPS), the standard retirement age is 60 years for public sector employees, and 65 for the judiciary. Private sector retirement ages vary by employment contract, typically ranging from 55 to 65.

The Pension Reform Act 2014 established the Contributory Pension Scheme (CPS). Employers contribute a minimum of 10% and employees contribute 8% of monthly emoluments into a Retirement Savings Account (RSA) managed by a Pension Fund Administrator (PFA).

Nigeria has experienced inflation rates between 10% and 30% in recent years. For long-term planning, using a range of scenarios (e.g. 12%, 18%, and 24%) can help illustrate potential outcomes. This calculator allows you to set the inflation rate to any value.

A retirement corpus is the total amount of money you need to have saved and invested by the time you retire. It should be large enough to sustain your desired lifestyle throughout retirement, accounting for inflation and investment returns.

Yes, the Pension Reform Act allows voluntary contributions above the mandatory 18% (10% employer + 8% employee). Voluntary contributions can be accessed before retirement (subject to conditions) and may improve your retirement corpus through additional compounding.