how much for retirement?

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sandycheeks
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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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UprightPolity
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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.

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

Hi,

May I refer you to this blog - http://www.wealthcumhealth.blogspot.com? You will find a WRITE UP on how to set your financial goal, how much you need to save and what investment you need to go into in order to achieve your goals.

Check it out! Click here: http://wealthcumhealth.blogspot.com/200 ... -mind.html
Success begins with your Mind.

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

I use the official (ish) British one http://www.pensioncalculator.org.uk. 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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