Before the Salary Stops

Your Retirement Number

Find the amount, in today's shillings, that would pay your monthly gap from the day the salary stops. Copy the results into Part B of your workbook.

Example: Grace, 40, teacher

Your life

My age today

Age the salary stopsRetirement, contract end, or your choice

Plan money to last until age

Use what your household really spends, not your salary.

Household spending today

Share still needed after the salary stops (%)Most people need about 70%

Income that continuesRent, business, spouse, pension

NSSF + savings + sellable investments

Amount I save each month now

Leave these unless you know better. Results are shown in today's money.

Yearly return on savings (%)

Yearly inflation (%)

Your Retirement Number

–

Monthly need after the salary stops–

Minus income that continues–

Monthly gap–

What you're on track to have–

Shortfall–

Extra to save each month to close it–