Irish Pension Calculator

How much money you will need to be financially secure in retirement depends on the lifestyle you would like to have. Whether you plan to travel after retiring or spend more time at home with loved ones, now is the time to make your plan.

When planning for retirement, we recommend that you take both the practical and aspirational goals into account. Consider where you hope to live when you retire and the cost of living as well as what you plan to do with all your hard-earned spare time.

To ensure you retire as you hope to, start planning now to make sure you build up a substantial pension fund by retirement age.

Oaktree Financial Services’ Irish pension and retirement calculator will make your retirement planning simpler and show you how much you need to save now for later in life.

Whether you’re just starting your career or looking to enhance your retirement strategy, our calculator provides valuable insights to help you make informed decisions.

Why use a pension calculator?

 Oaktree Financial Services’ Pension Calculator is an essential and powerful tool for when you’re planning your retirement.  With our Pension Calculator, you can take control of your financial future, gain a better understanding of how your current finances impact your retirement and take proactive steps toward a healthier financial future.

 

 How do pension calculators work?

Our Pension Calculator employs advanced algorithms to assess various factors, including your current savings, expected contributions, and market trends. It calculates potential returns, helping you visualise your financial growth over time.

Understanding the mechanics of pension planning empowers you to optimise your contributions and achieve your retirement goals.

 

How much could I earn when I retire?

How much you earn when you retire depends largely on what you have saved already and what you plan to save between now and your retirement.  As a rule of thumb, the earlier you start saving, the more you will have in retirement.

Here are three examples of people who all want to retire at the age of 68 and have an income of €1500 per month in retirement. They have all started saving at different stages of their life so need to save different monthly sums.

  1. A 20-year-old graduate, who is just starting to save in their very first job, would need to save €175 per month.
  2. A 43-year-old, who is just starting to save, would need to save €337 per month.
  3. A 36-year-old, who has already saved €21,000, would need to save €199 per month.

 Unlock the potential of your retirement income by exploring projections with our Pension Calculator.

 

How can I learn more about pensions?

 Navigate the complexities of pension planning with our educational resources. Explore our articles, guides, and expert tips to deepen your understanding of pensions. Whether you’re a novice or an experienced investor, we will equip you with the knowledge needed to secure a financially stable retirement.

 Plan smarter, retire better – start using our Pension Calculator today and learn more about pension and retirement planning with Oaktree Financial Services.

The Oaktree Team are with you every step of the way on your journey to retirement.

 

Book a pension planning consultation with us today to begin planning for your retirement.

It’s never too early or too late to take control of your pension!

Subscribe to learn more about planning your financial future.

Subscribe to learn more about planning your financial future.

You have successfully subscribed.