Pensions Planning: The NUMBER

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  • Somebody
    Somebody Posts: 134 Forumite
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    CrickJon said:
    Is there a good spreadsheet model - monthly or annually - where I could input my current pension pot, add contributions each year, growth etc, input living costs etc and model when I may be able to retire, how much I can drawdown, whether I take a lump sum or not and when SP comes in?

    I prefer a spreadsheet to a website calculator as they all seem to give different answers and don’t provide annual breakdowns.
    Have you tried guiide.co.uk?

  • barnstar2077
    barnstar2077 Posts: 1,386 Forumite
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    kinger101 said:
    There is something magical about a well made spreadsheet.  The way you can change one cell and everything else changes automatically.  They can make you feel like an inventor tinkering with a mad contraption! :  )
    You don't work for Fujitsu do you?
    Not sure there was anything magical about that software! :  /
    Think first of your goal, then make it happen!
  • trevjl
    trevjl Posts: 223 Forumite
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    I found this the best of the ones I saw online:
    https://whatapalaver.co.uk/retirement-planning-couples
    Broadly confirmed my own spreadsheet numbers when I was planning my escape 👍
    And a jolly good spreadsheet it is too !!! It's been telling me to go for ages !
    I've been using it for a couple of years or more and yes, I'm still  working for some unknown reason.
    Notice going in next month however, passing of mum at 91 last month and other friends much younger with issues has finally made me see sense.
    Spending of around £32Kpa with DC a pot of £270K, savings of £100K and mums flat to sell along with a DB of £25K in 42 months time I'll never live to spend it.
     


  • Smudgeismydog
    Smudgeismydog Posts: 150 Forumite
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    I’m sorry to hear about your mum @trevjl, unfortunately sometimes it takes an event so close to home to make us “see sense”.

    As plenty of people have said, the most important things are your time and health.
    Congrats on your imminent retirement 
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