Hi All,
I`m getting to that age where i`ll be looking to retire in the next 5 years hopefully, i`ll be 58 this year.
Been trying to look at a few online pension calculators both in Ireland and the UK, but they vary so much, with a difference of over 100% between the frugal to the hard to believe. I know this is like asking how long is a piece of string, and there are lots of variables involved. Do you take the TFLS, do you take an annuity or a ARF etc etc etc. But would be lovely to get a kind of ball park figure what 100K would get you.
I think its a very seesaw moment. Do i have enough money verses the time i have left and making the most of it. I guess most people err on the cautious side, but you can always get more money you can never get extra time.
I guess this is more a discussion on what people think, and for those that retired early, do you regret anything? Are you always looking at your bank account? How did you cope with the drop in income?
I`m getting to that age where i`ll be looking to retire in the next 5 years hopefully, i`ll be 58 this year.
Been trying to look at a few online pension calculators both in Ireland and the UK, but they vary so much, with a difference of over 100% between the frugal to the hard to believe. I know this is like asking how long is a piece of string, and there are lots of variables involved. Do you take the TFLS, do you take an annuity or a ARF etc etc etc. But would be lovely to get a kind of ball park figure what 100K would get you.
I think its a very seesaw moment. Do i have enough money verses the time i have left and making the most of it. I guess most people err on the cautious side, but you can always get more money you can never get extra time.
I guess this is more a discussion on what people think, and for those that retired early, do you regret anything? Are you always looking at your bank account? How did you cope with the drop in income?