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KiwiSaver Projection Tool
See how fund type changes the picture.
Choosing the right type of fund usually matters more than choosing the right provider. Pick a fund type to see how it behaves — and what a difference it can make by 65.
Project your balance at 65
Illustration only, not advice. The return is an assumption, not a forecast — real returns vary year to year and can be negative. Figures are in future dollars and are not adjusted for inflation. Fees and investment tax (PIE tax) are not deducted.
Risk indicator shown 1–5, in line with how KiwiSaver funds report risk. Higher potential returns come with bigger falls along the way.
Assumed returns are Morningstar KiwiSaver Survey 10-year annualised category averages (June 2025 quarter): Conservative 4.1%, Balanced 6.4%, Growth 7.8%, Aggressive 8.6%. Past performance does not guarantee future returns.
What each fund type actually holds
Funds are grouped by how much they hold in "growth assets" (shares and property) versus "income assets" (cash and bonds). More growth assets means more potential upside, and bigger falls along the way.
Conservative
Suits a 2–5 year timeframe
Around 10–35% growth assets. Mostly cash and bonds, with a small amount in shares. Built to move around less, at the cost of lower long-term growth.
Balanced
Suits a 5–10 year timeframe
Around 35–63% growth assets. A genuine middle ground — enough shares to grow, enough cash and bonds to soften the falls.
Growth
Suits an 8–15 year timeframe
Around 63–90% growth assets. Mostly shares and property. Aimed at long horizons, with real falls expected in bad years.
Aggressive
Suits a 10+ year timeframe
Around 90–100% growth assets. Almost entirely shares. The highest long-run potential, and the biggest drops along the way.
Growth-asset ranges are based on Sorted's KiwiSaver fund categories. Some providers vary their mix depending on market conditions, so a fund can occasionally shift between categories.
Not sure you're in the right fund?
With so many different fund types to choose from, it's easy to feel unsure which one is right for you. Book a free review with a KiwiSaver adviser and they'll help you find out.
Speak to an adviser