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A place for Get Rich Slowly readers to ask questions
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It is currently Thu Jun 20, 2013 3:38 am




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 Post subject: how much for retirement?
PostPosted: Sat Jun 09, 2007 11:19 am 

Joined: Thu Apr 19, 2007 7:58 am
Posts: 231
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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PostPosted: Sun Jun 10, 2007 8:41 am 
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Joined: Sun Apr 15, 2007 11:00 am
Posts: 28
Location: Washington, DC
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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PostPosted: Mon Jun 11, 2007 7:02 am 

Joined: Mon Jun 11, 2007 6:44 am
Posts: 1
Location: Singapore
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

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PostPosted: Mon Jun 11, 2007 8:53 am 
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Joined: Thu Apr 05, 2007 1:25 am
Posts: 460
Location: England
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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In mathematics you don't understand things. You just get used to them. John von Neumann

uk personal finance and religion and atheist


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