Pension Plan Calculator – How much should I save?
With the Principle First Pension Plan Calculator you can calculate how much you need to be saving today, in order to reach a specific level of income in retirement.
With the Pension Plan Calculator you can nominate a desired annual retirement income and see what size of pension pot you need, to achieve the pension income that will sustain your desired lifestyle at the end of your working life.
The pension calculator will tell you how much must be saved monthly, as of today, to achieve that.
An example would be a female, aged 30, wishing to retire aged 60 with an annual income of £12,000. The Pension Plan Calculator reveals that she may need a pension pot of £200,000 to achieve that.
The pensions calculator also shows that she would need to save £164 a month, starting today, in order to achieve that income.
Do you know how much you would like to live on in retirement? Do your pension calculations now, using our pension calculator
The Pension Plan Calculator fulfils the first step in organising your pension savings. It adds certainty to your retirement planning, by taking the speculation and guesswork out of planning your savings. By knowing exactly how much you need to save, you can be certain you are saving enough, right from the start.
Even if you have an existing pension plan in place, you can use the pension plan calculator to work out how much you will have to live on in retirement, factoring in the savings you have already built up. We can offer you quality pension advice on adjusting your pension investments, to keep your savings on track to achieve that goal.
Check your Risk Profile with the Pension Plan Calculator
Once you have done the preliminary pension calculations, and know how much you should be saving, the next step is to identify which investments match your desired level of risk.
The Pension Plan Calculator contains a Risk Profiler that will match your investment preferences to one of 5 investor types. This is a simple series of questions to establish how comfortable you would feel about fluctuations in the value of your investments.
The Risk Profiler will then match you to the correct Principle First Investment Portfolio, each with a tailored funds selection to match your investor type: Very Defensive, Defensive, Cautious, Balanced, Aggressive, or Very Aggressive.
Pension Plan Calculator takes the guesswork out of your pension planning, and gives you the security of knowing that your planning is based on real, measurable data!
