nest pension advice

pistelman

hi all

i was just looking at my last statement which estimates at retirement i would have a £71,600 pot giving me £17,900 lump sum and £1240 yearly income.
am i right in assuming pot (£71,600) - lump sum of (£17,900) leaves
£53,700 which means i would have to survive just over 43 years to just get my starting pot back. i have heard from other people that buying an annuity you should expect to get your money back after around 18 - 20 years. i realize that as i'm not retiring for another 25 years the average life expectancy will be longer but surly not 43 years in total.
hope this makes sense , please advise

SonOf

i was just looking at my last statement which estimates at retirement i would have a £71,600 pot giving me £17,900 lump sum and £1240 yearly income.

Do remember that the projections are artificial figures and adjusted for inflation and not the real values..

which means i would have to survive just over 43 years to just get my starting pot back.

No it doesnt. You are misreading the assumptions used in the projection as if it is future money terms when it is not.

Albermarle

was just looking at my last statement which estimates at retirement i would have a £71,600 pot giving me £17,900 lump sum and £1240 yearly income.

In the past these type of projections were too optimistic but now they have swung the other way and are too pessimistic and adjusted for inflation, so at first glance they look worse than they really are.
Which Nest funds are you invested in ? As you have 25 years before retirement normally you should be in the higher risk/higher potential growth funds .