PRS Savings Estimator

How It Works

1. Enter your current age and expected retirement age.
2. Input your planned monthly PRS contribution.
3. Adjust the estimated annual return rate.
4. Watch as the graph updates in real-time, showing your potential savings growth.

Understanding Your Results

• Total Savings: This line represents the estimated total value of your PRS account at each age, including your contributions and compound interest.
• Total Contributions: This shows the cumulative amount you've contributed over time.
• Total Interest: This illustrates the power of compound interest - the returns earned on your contributions and previous returns.

Disclaimer

Please note that this estimator provides a simplified projection based on consistent contributions and returns. Actual results may vary due to market fluctuations, changes in contribution amounts, and other factors. Always consult with a financial advisor for personalized retirement planning advice.

Tips for Maximizing Your PRS Savings

1. Start Early: The power of compound interest means that starting your PRS contributions earlier can significantly boost your retirement savings.
2. Increase Contributions Over Time: As your income grows, consider increasing your monthly contributions to accelerate your savings growth.
3. Understand Your Risk Tolerance: The annual return rate you choose should reflect your investment strategy and risk tolerance. Younger investors might choose a more aggressive strategy, while those closer to retirement might prefer a more conservative approach.
4. Diversify Your Investments: PRS offers various fund options. Consider diversifying your investments to balance potential returns with risk.
5. Review and Adjust Regularly: Use this estimator regularly to track your progress and adjust your strategy as needed.

Next Steps

• Compare PRS Providers to find the best fit for your retirement goals.
• Learn more about PRS Tax Benefits to maximize your savings.
• Explore our Retirement Planning Guide for comprehensive retirement strategies.

Ready to start your PRS journey? Enroll in PRS Now and take the first step towards a secure retirement.