Have read through a number of threads and posts on the unknown unknowns in terms of what lies ahead for pensions and the amount to target for a comfortable existence. Our own situation is as follows, we are both PS employees, one not so recent and one with long service. Wife: 50 with 30 years service, can retire on cost neutral at 55 or leave pension till 60 preserved when the pension would 25k with a lump. Husband: 50 with 18 years plus service purchase (with other employment pension paid in), so at 65 husband will have 37 years, at 60 husband will have 34 years. Pension would be circa 18k for 65 or 15.5k for age 60 plus the OAP / supplementary pension. Lump sum is also available. There is one rental property yielding 10,000 /yr before deductions and taxes. Mortgage will be paid off when we are 60 yrs old. Own PPR will also be paid off. Joint income currently 120K, looking at the "extra 240 days annual leave" effect on what ever pension income we do get and looking at that magical 65% of retirement salary based on today's 120K equating to 78K of pension requirement. At 60 we would be targeting 42.6k + supplementary pension on husbands pension and including rental. At 65 we would be targeting 64.6K (including OAP pension due at age 66 currently and the rental income). This is the minimum target. Realistically how would we get to 78k? Should we even be targeting 78k or should we be targeting staying in the 20% tax bracket, €67,600? Main issue is Ireland is an expensive place, both of us see people we know personally have their DB pensions eroded as has been captured in the media, hence the rental property. To get us to a standard of living in retirement that allows us manage comfortably, assist the children / childrens children through covenants, travel and enjoy other pursuits that retirees generally do, the question is whether €67,600 (circa €51.6k net of deductions) or €78k (circa €57.7k net of deductions). Husband wants to use the lump to buy a rental to bring pension to avoid any future pension payment shocks and income close to 78K. Wife wants to put lump into AVC's. As we are age 50 with 1 to go to college in 5 years time and 1 halfway through we want to look ahead now and try and meet that target. What are people in general targeting in terms of income in retirement similar to ourselves, are they looking at the 20% tax threshold or a minimum income of 100K per year or more?