Software for retirement planning

[BIG-notorious]

If you are planning that then full tax relieved AVCs enjoying tax free compounding ongoing in your ARF would make quite the difference. Not sure how a model could show otherwise?

That's one of those situations where the calculator says one thing and my heart says another.

Would another 5 years of contributions make a significant financial difference? Yes.

Is that significant difference big enough, to me personally and totally subjectively, to be worth delaying entry semi-retirement in lieu of entering full retirement will a larger fund? Not even close.

In short, I've decided I'd rather have the time at than the money. If it was just the money I'd just work full time until I hit 66 and then retire. Cutting back at 55 means i should be fit and healthy enough (and financially comfortable enough) to keep a third of my time for myself and not the job.

At the end of the day, what's a pension fund (or any other investment activity for that matter) even for if not to allow to allow us the financial freedom to spend less of our lives working?

 

[Brendan Burgess]

That's one of those situations where the calculator says one thing and my heart says another.

So why are you bothering with this calculator?

It's another argument for not spending too much time on a pension forecasting programme. The future is too uncertain and in many cases, you will ignore it anyway.