Pension planning sites?

Bill_M_1238

Hi all,

Would appreciate some advice or thoughts on best way to plan for retirement.

I've been looking online for a pension planner that allows me to enter both my details and my wife's, and allows both DC and DB pots/pensions, and the ability to amend/increase contributions and run various different scenarios with additional pots of capital (inheritances etc).

I've created my own spreadsheets and they look like I will achieve my number comfortably, but would prefer to use another planner to check my figures are correct, and potentially plan to retire early 60s if possible.

I've tried cfiresim and retire easy but they just don't allow me to enter all variables and properly test various scenarios.

I'm 45, wife a few years older, so will retire at different times. Both have lgps pensions (mine deferred as left council a number of years ago) and wife pays avc's.

I also have a DC pot where I have been ramping up contributions over past couple of years and will continue to increase by either 2 or 3% per year (depending on pay rises and bonuses) between now and retirement.

All fairly straightforward I would have thought but just nothing out there that meets our needs.

Can anyone suggest a good site which offers the flexibility I am after?
Thanks for any advice or suggestions you can offer.

Cheers

BM

cobson

I use the Flexible Retirement Planner software from https://www.flexibleretirementplanner.com. Its American, but works fine if you ignore the tax side. The downloadable version is more useful than the online one as it allows you to save different scenarios. When you setup income streams you can specify them to increase with inflation or at a set %age etc.

Its a Monte Carlo analysis tool, but unlike cFireSim it uses user-specified average returns rather than historical ones.

Bill_M_1238

Thanks for this.

Have had a look but still not really what I need. Think the biggest issue I have, is with contributions from salary. I'm paying 18% this year, 20% in 2019, then 22% year after and so on. Most sites just allow a fixed amount or % which doesn't really fit for me.

Happily though excluding this area, my other constants all appear to match my own spreadsheet so fairly confident in my figures.

I'll stick to my own spreadsheet for now as it meets my needs and allows me to continue tinkering as plans evolve.

Thanks again for your help

cobson

On the income screen you can setup a different contribution amount for each year if you want to, no problem - just set the start and end year to be the same for each one.

AnotherJoe

Try retireeasy (its a dot co dot uk). It certainly covers your main criteria "allows both DC and DB pots/pensions, and the ability to amend/increase contributions and run various different scenarios with additional pots of capital (inheritances etc)."

It is not free, its something like a fiver a month. Worth doing for a few months.

Bimbly

cobson wrote: »

On the income page you can setup a different contribution amount for each year if you want to, no problem - just set the start and end year to be the same for each one.

To which site are you referring?

cobson

Bimbly wrote: »

To which site are you referring?

The one I posted about further up....