Search results

  1. I

    Managed to hit my 30k pension goal by 30

    @diannalynn67 The table the other commenter posted accounts for inflation because your savings are always an equation of your salary. My calcs also account for inflation as I'm assuming just before retirement. Anyone on £20k now will be able to earn significantly more in 40 years time, just as...
  2. I

    Managed to hit my 30k pension goal by 30

    @hache No, you don't need to contribute 40% of your salary to a pension to end up with 10x your salary. It's generally closer to 15%, and some of that (probably a larger portion fir higher earners) will come from the employer.
  3. I

    Managed to hit my 30k pension goal by 30

    @bigpgone Obviously it depends on how you want your retirement lifestyle to compare to your working lifestyle, but if anything I'd say it is less conservative for higher earners. Lets say you earn £20k per year and reach 65 with 10x your income in your pension, £200k. A 5% drawdown is £10k per...
Back
Top