Transition to Retirement Income Planner

This planner helps you map a phased move into retirement in New Zealand by combining part-time work income with a drawdown of your savings, and showing how long those savings would last. Fewer people now stop working in a single step; instead they wind down, dropping to part-time or contract work and topping up their income by drawing on KiwiSaver and other savings, which keeps them active and eases the financial jump. The challenge is striking a drawdown that gives you the income you want without exhausting your savings too soon, especially in the years before NZ Super begins at sixty-five, when your savings carry more of the load. You enter your expected part-time income, your savings pot, the amount you plan to draw from it each year, the return on the money still invested, and any NZ Super you receive, and the planner shows your total annual income from all sources and how many years your savings would last at that drawdown. Use it to test different mixes of work and drawdown, to see whether you can bridge comfortably to NZ Super, and to avoid drawing down so fast that your savings run dry. Once NZ Super starts at sixty-five it adds to your income and your savings can stretch further. General information, not financial advice.

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Total combines part-time income, savings drawdown and any NZ Super. Watch the drawdown so savings last to and through 65, when NZ Super adds income. General information only.