My aim is to see how much I need over the next 10 years to get €30,000 per year which I will reduce when state pension kicks in. Hope i have explained ok. Thanks.

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My aim is to see how much I need over the next 10 years to get €30,000 per year which I will reduce when state pension kicks in. Hope i have explained ok. Thanks.

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New Ireland also have one here: https://www.newireland.ie/pension-calculator/

Take them with a pinch of salt though, they are based on a lot of assumptions and the results seem to vary a fair bit between calculators. Irish Life have a projection built into their web portal for example that seems a lot more optimistic than the above two calculators.

I know I am making a lot of assumptions myself just trying to make them calculated to some degree. Thanks very much for your help. Have a good weekend

New Ireland also have one here: https://www.newireland.ie/pension-calculator/

Take them with a pinch of salt though, they are based on a lot of assumptions and the results seem to vary a fair bit between calculators. Irish Life have a projection built into their web portal for example that seems a lot more optimistic than the above two calculators.

If the OP has had a few different jobs/lengths of service/pension types, its hard to get the kind of information you really want from these basic calculators. However there are lots of YouTube type videos covering everything from how much funds you should have built up by age/income, can I afford to retire at age 55 etc etc. The last one was a UK based advisor video using a nice cash flow forecast model & charts, but no sign of the underlying spreadsheet itself - might give you some ideas.

Do review any annual statements you receive on your pension as typically they will list some of the information you are looking for.

So my rule of thumb is that whatever your total investment pot is that when you retire you take 25% of the value of your pension fund as a tax free lump sum.

Then after that is taken off the pension pot add up whatever your investments are (Pension, Shares, Savings) at that point. and assume they will give you 4% per year after that.

So If you had a pension fund of €600k + shares of €100k and cash savings of €100k.

Take €150k cash from the pension pot, which leaves €450k + 100k + 100k = €650k left.

€650k * .04 = €26k per year + inflation.

Then add in the state pension at 67 if you qualify for it.

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Put in what your fund is currently. The percentage you expect it to grow each year by the number of years and your monthly contribution.

Use our calculator to see how the power of compound interest can grow your savings or investment over time

www.thecalculatorsite.com

rule of thumb I use is to divide the yearly amount you want by 12 and multiply by 300.

e.g. you want 30k per year , divide by 12 = 2500 multiplied by 300 = 750k needed. However, This doesn't factor in the state pension or taking a tax free lump sum. Play around with the calculator above and you will get a good idea.

A lot of the pension calculators online such as the pensions authority one use a really conservative rate of return and assume you are paying the highest charges.