How much do I need to save for my retirement?
When you retire, you generally need less income than you had before retirement. This is because some of your expenses (e.g. travelling to work) will fall away. Also, you will pay less tax after 65 (and even less after 75). Most people need at least 60% of their pre-retirement income after retirement.
The financial calculators on this site are intended only as guidelines. Before you take any action based on these calculations, we recommend that you get expert financial advice.
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