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Pension Pots
pollyanna24
Posts: 4,391 Forumite
I'm trying to figure out how much might be in my "pot" when I retire, but every calculator doesn't take account of the fact that every year, I increase my contributions by 4%. Is there a calculator that does?
Pink Sproglettes born 2008 and 2010
Mortgages (End 2017) - £180,235.03
(End 2021) - £131,215.25 DID IT!!!
(End 2022) - Target £116,213.81
Mortgages (End 2017) - £180,235.03
(End 2021) - £131,215.25 DID IT!!!
(End 2022) - Target £116,213.81
0
Comments
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Have a look at retireeasy.com - you can put in amount today and timeframe for adding to it, the monthly / annual contributions, and an increase p/a %'age.0
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If you are any younger than 35? or so, you'll find retireeasy won't suit your needs.0
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Why is that edinburgher ?0
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I shall have a look at retireeasy. I am 35 exactly, so not sure if it will help me or not.
EDITED: I had a look. Couldn't see anywhere there was a calculator though. Must have been looking in the wrong section?Pink Sproglettes born 2008 and 2010
Mortgages (End 2017) - £180,235.03
(End 2021) - £131,215.25 DID IT!!!
(End 2022) - Target £116,213.810 -
Pollana24 it's not a calculator exactly. You enter details of a pension in that section of Retireeasy and it asks for your estimated growth rates and further contribution levels. It then projects year on year with any other investment details your provide.0
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Just use a compound interest calculator,
http://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php
like this...0 -
AnotherJoe wrote: »Why is that edinburgher ?
I was born in 1983, their menus only started at 1986 or so, meaning that I couldn't accurately use their tools. Contacted them and was told (paraphrasing) that their service wasn't designed for people of my age group!0
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