In South Africa’s challenging economic environment, securing a comfortable retirement requires proactive and informed action. The latest Sanlam Benchmark Survey paints a sobering picture: Only 42% of retirement fund members believe they are on track to save enough for retirement, while just 43% expect to maintain their current standard of living once they stop working.

Six in ten funds report that members are unlikely to retire comfortably at the normal retirement age of around 64. Many South Africans still hope to retire by age 58, yet data shows most will need to work into their late 70s or early 80s to afford a dignified retirement. The survey also reveals that nearly half of respondents have already dipped into their savings to make ends meet, highlighting the real cost of delayed or inadequate planning.

The message is clear: the earlier you start, the better your outcomes. Lehlohonolo Mokgethi, CEO of Moso Consulting Services, says: “Starting your retirement planning early is the single most powerful step you can take toward financial freedom and peace of mind in your later years. Time is your greatest ally when it comes to compounding growth and smart decision-making.”

At Moso Consulting Services, we help you build robust retirement strategies tailored to your goals and circumstances. Whether you need guidance on maximising contributions, understanding preservation options, or protecting your savings against inflation and longevity risk, our experienced consultants provide clear, practical advice.

Don’t leave your future to chance; those who act early and seek professional guidance are far more likely to achieve the retirement they deserve.

Speak with one of our independent consultants to help you with your retirement planning requirements. Tel: 011 768 6406 | WhatsApp: 061 351 6820 | Email: info@moso.co.za