KiwiSaver Calculator Guide

Step confidently towards buying your first home or retiring comfortably. Use our KiwiSaver calculator to develop a tailored plan that propels you towards financial prosperity. Our calculator equips you to make well-informed decisions about your KiwiSaver contributions and future returns, leading to home ownership or a secure retirement.

AMP KiwiSaver Scheme can help you secure the future you’ve always dreamed of, from buying your first home to enjoying healthy retirement savings. But a lot of New Zealanders are uncertain as to how to maximise their KiwiSaver – from tax rates to voluntary contributions, investment returns to PIR, you’re faced with a lot of confusing words, rules, and systems.

It’s important to have a plan to secure the retirement savings or first home deposit you need. In order to achieve these goals, you need to know your current KiwiSaver balance, your contribution rate (including employer contributions, government contributions and your own KiwiSaver contributions), and the future returns you might expect from your KiwiSaver fund.

The AMP KiwiSaver Calculator is designed to help you develop a plan for your KiwiSaver. It estimates your Kiwisaver balance in years to come, to help you make more informed decisions about current contributions and budgeting and formulate the next steps that will lead to a larger lump sum withdrawal for a home, or a healthier retirement income.

What can I estimate with the KiwiSaver Calculator?

The AMP KiwiSaver retirement and first home calculator can show you:

• Your estimated savings (after fees and taxes) you may have in your KiwiSaver account at your selected retirement age, or at the point you want to buy your first home, using your inputs and the 'Assumptions' listed below,
• An estimate of your annual income (after fees and taxes) your estimated savings (and NZ Super) may provide you in retirement, or when buying your first home. NZ Super is by default included in your annual projected income, you can remove NZ Super under 'Other savings/assets' in advanced options,
• A forecast of a deposit that you may be able to save in KiwiSaver for your first home.

If you’re already a AMP KiwiSaver Scheme member, and with us for a year or more, check out the video below to see our MyAMP mobile app projections feature and how your retirement nest egg might increase if you changed your fund type, retirement age, or level of regular contributions.

We’ve made the KiwiSaver calculator super simple to use – you only need to offer up a handful of details to get a sense of what your financial future holds. But if you want to explore how you can grow your KiwiSaver savings in a more detailed way, our calculator can do that too.

First select if you'd like to use the KiwiSaver calculator for your first home or retirement savings then fill in the details, once you presss calculate then you'll arrive at the ‘Results and Explore’ section, where you are given the opportunity to play around with a number of fields, twisting knobs and pulling levers until you get the balance right.

There is also advanced options that allow you to go into even finer detail, to get an estimate that is truly reflective of your situation. Here you can tweak factors like:

• Contributions: Include any one-off or regular contributions that you are likely to pay into your KiwiSaver.
• Other savings/assets: Add in the value of your other assets, such as shares, property and other investment funds, to get a more complete picture of your future financial situation.
• Working hours/salary: Here you can factor in any loss of income or other future change in your working situation, from scaling back to part-time work, to taking an extended sabbatical.
• Withdrawal: There are a few scenarios where you can withdraw from your KiwiSaver account: upon retirement (considering you have been a KiwiSaver member for five years), buying your first home, emigrating, or experiencing significant financial hardship or serious illness (sometimes withdrawal and savings suspension exceptions are also made in cases of financial hardship). It’s important to think ahead and take these withdrawals into account.

KiwiSaver calculator assumptions

The AMP KiwiSaver Calculator is a tool designed for New Zealand conditions.

• It estimates your potential KiwiSaver balance at retirement, annual income from 65 to 90, and the feasibility of a first home withdrawal.
• Estimates are based on government-set assumptions like investment returns, salary growth, and inflation.
• The calculator includes NZ Super in your annual income by default, but you can exclude it.
• Personalised factors (current age, retirement age, contribution levels, etc.) are considered.

Remember, these figures are estimates and not financial advice. The AMP KiwiSaver first home and retirement calculator does not offer financial advice. It has been designed for New Zealand conditions only. Always read the product disclosure statement from the issuer before selecting a KiwiSaver fund or making significant changes to your KiwiSaver account. For a deeper understanding of the assumptions made, visit our Kiwisaver Calculator Assumptions​.