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Old 19th March 2006 | 23:03
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LJ.543
 
Joined: Apr 2001
Posts: 34
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Almost impossible to calculate due to the way annuity rates move etc.

Saw a newspaper article the other day that suggested your total contribution (yours and employers) should equal half your age. So a man of 30 should be contibuting 15% of earnings.

A friend of mine has another way to look at it. Assume you will work for 40 years and will enjoy a 20 year retirement thereafter. If you want a two thirds pension for 20 years, you need to contribute one third of income for 40 years.

LJ
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