10 steps to retire comfortably

Planning your retirement can feel like staring at a giant, complicated jigsaw puzzle. The good news is that it doesn’t have to be overwhelming. With the right steps and mindset, preparing for a comfortable retirement becomes not just manageable, but empowering.

1. Know and realise how much you need

Before anything else, understand how much you’ll need to retire comfortably.

So, things to consider should include:

• Your monthly expenses (now and later)
• Inflation
• Life expectancy
• The kind of lifestyle you want

Tip: Use the 10X retirement calculator or speak to estimate how much you would need.

2. Maximise your contributions

The more you put in now, the more future-you will thank you. If your employer offers a retirement fund, contribute as much as you can. Consider Additional Voluntary Contributions (AVCs) to boost your savings. With Additional Voluntary Contributions (AVCs) the more you put into your retirement savings now, the more future-you will thank you. If your employer already offers a retirement fund, you can boost your long-term savings by adding AVCs. These are extra contributions you choose to make flexible, tax-efficient, and a powerful way to grow your retirement pot faster. Whether you increase your monthly amount or make occasional top-ups, AVCs can significantly improve your financial comfort when you retire.

Tip: Small increases today can make a big difference tomorrow.

3. Track down all your retirement funds

Worked at multiple jobs? You might have forgotten retirement savings floating around. Consolidate them where possible as it simplifies management and reduces fees.

Tip: Need help? Most providers can assist in tracking and transferring your funds.

4. Understand your fund options

Do you know where your money is invested? Or how your fund changes as you age? Make sure you’re in the right investment strategy whether that’s a glidepath (which adjusts risk automatically) or a custom setup that matches your retirement timeline.

5. Get your medical cover in order

Healthcare is one of the biggest expenses in retirement.

Don’t wait to plan:

• Know what your current medical aid covers
• Check if it will continue post-retirement
• Consider a medical savings account or gap cover

Tip: Health is wealth, especially later in life.

6. Crush your debt

Debt in retirement can eat away at your income and your peace of mind. Plan now to:

• Pay off credit cards and loans
• Avoid taking on new high-interest debt
• Consider settling your bond before you retire

Tip: Enter retirement debt-free = stress-free.

7. Budget for fun

Retirement isn’t just about surviving; it’s about thriving. Whether it’s travel, hobbies, or spoiling the grandkids, include a "joy fund" in your budget.

Tip: Because fulfilment should be part of your financial plan too.

8. Update your will and beneficiaries

It’s not fun, but it’s vital.

Review and update:

• Your will
• Beneficiary nominations on retirement funds
• Power of attorney or living will, if needed

Tip: It’s one of the most caring things you can do for your loved ones.

9. Shift your mindset

Retirement isn’t the end; it’s the beginning of something new.

Start thinking about:

• How you’ll spend your time
• What gives you purpose
• Ways to stay connected and fulfilled

Tip: Retirement is a lifestyle shift, not just a financial one.

10. Talk to a 10X consultant

You don’t have to do it alone. At 10X, we may not advise you but can discuss our products that can help you give you peace of mind.

Tip: A one-hour session today could save you years of uncertainty later.

Ready to start ticking things off?

Every step you take brings you closer to a retirement that’s not just comfortable, but joyful and fulfilling. Save this list, revisit it often, and celebrate the progress you’re making, because the best years of your life deserve a plan that’s just as intentional.