home
in
Search

moneysupermarket.com community... » Forums » Money & finance » Savings » How much will your savings for retirement amount to?

How much will your savings for retirement amount to?

Last post Mon, May 26 2008, 12:32 PM by BB. 1 replies.
Sort Posts: Previous Next

  •  Mon, May 26 2008, 12:32 PM

    Re: How much will your savings for retirement amount to?

    Reply Quote Report Abuse
    Why stop at 65? Carry on to be a millionaire!
    • Post Points: 5

  •  Mon, May 26 2008, 6:47 AM

    How much will your savings for retirement amount to?

    Reply Quote Report Abuse

    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.
    • Post Points: 50