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How much will your savings for retirement amount to?

  •  Mon, May 26 2008, 6:47 AM

    How much will your savings for retirement amount to?

    Here's a good calculator to use:

    http://www.vertex42.com/Calculators/savings-interest-calculator.html

    As an example, a person aged 30 and retiring at 65, who uses his/her cash ISA allowance fully each year (assuming a fixed rate of 6%), will have invested 126,000 and earned 275,165 in interest for a total of 401,165.

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