Retirement...when, how old and how much??

I'm in a similar position to you I think, planning on the basis of a savings pot of circa 350k, wife has a pension she starts to draw in October, original plan was to retire March 22, now its March 24. S&S ISA hasn't moved in 18 months (well it has, a lot, but it's been equal in both directions) Finally got a decent rate on my cash ISA which will help a little, but I'm by no means confident of the current target date
It does get a little nervy pumping as much as I can into my company pension and seeing it pretty much flatline for a couple of years.
 
It does get a little nervy pumping as much as I can into my company pension and seeing it pretty much flatline for a couple of years.
I guess the theory is buy low, but the trick is knowing how low it's going to go :/
 
Anyone give me an indication of how I'm doing for a 37 year old in relation to where I should be at this stage.

Currently, I'm going to be getting £6,671pa from my teacher pension (presuming that is at today's rate not the rate in 30 years or it'll be worthless).

I also have a total of £15,478 in my current workplace pension. I am putting in 7% at the moment and this is matched by my employer. I can opt for any amount between 4% and 10%.

Then obviously my state pension - hopefully that's still a thing by the time I retire.
 
Anyone give me an indication of how I'm doing for a 37 year old in relation to where I should be at this stage.

Currently, I'm going to be getting £6,671pa from my teacher pension (presuming that is at today's rate not the rate in 30 years or it'll be worthless).

I also have a total of £15,478 in my current workplace pension. I am putting in 7% at the moment and this is matched by my employer. I can opt for any amount between 4% and 10%.

Then obviously my state pension - hopefully that's still a thing by the time I retire.
You are doing fine; I didn’t start a proper pension until I was 38 and it’s looking good now at 50…but I’ve been putting 16% in and my employer the max 12% annually.


The size of the pot you need depends on a few factors such as the type of lifestyle you plan to have, and when you plan to retire…..
 
Anyone give me an indication of how I'm doing for a 37 year old in relation to where I should be at this stage.

Currently, I'm going to be getting £6,671pa from my teacher pension (presuming that is at today's rate not the rate in 30 years or it'll be worthless).

I also have a total of £15,478 in my current workplace pension. I am putting in 7% at the moment and this is matched by my employer. I can opt for any amount between 4% and 10%.

Then obviously my state pension - hopefully that's still a thing by the time I retire.
If you can afford the other 3% then it's a no brainer. Compound interest is your friend so max out as soon as you can.
 
If you can afford the other 3% then it's a no brainer. Compound interest is your friend so max out as soon as you can.
I am planning on upping it to 10% next year but I'm paying a small fortune in childcare costs at the moment so probably not feasible just yet.
 
'm very frugal and really don't want a lot out my life financially, right now I am in a good place and can't see that changing.

Some of my mates change their cars and phones order takeouts 3 times a week
 

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