how much for retirement?

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how much for retirement?

Postby sandycheeks » Sat Jun 09, 2007 11:19 am

I'm looking for the best retirement calculators. I seem to get different results from different ones? Can people share which ones they use in order to calculate their required rate of savings etc?

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Postby UprightPolity » Sun Jun 10, 2007 8:41 am

How old are you? If you are under 30 like me, I wouldn't even try to calculate how much you will need, because your life, and consequently your financial needs, can and will change drastically in the next 35+ years. I would just try to consistently put away 10-15 percent of your gross income and plan to revisit this topic every few years to reevaluate your savings goals.

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Postby tancp » Mon Jun 11, 2007 7:02 am


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Success begins with your Mind.

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Postby plonkee » Mon Jun 11, 2007 8:53 am

I use the official (ish) British one Its more conservative in its estimations on future growth (approx 7% growth I think) but it lets you know how close you are to your target income, it guesstimates your state pension benefits and it will suggest a savings rate to you.
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