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Will I be able to afford to retire? How to plan for a financially secure retirement (even if it’s years away) - with Pete Matthew of Meaningful Money

Change Work Life

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How Do I Calculate My Retirement Income?

Most of the people who are listening to this episode, retirement is probably at least 20, maybe 30, maybe more years ahead. For most ordinary people, though, those that are going to retire at something approaching normal time from 60 onwards, say, we first need to establish what our income is going to be. Your pension statement will give you some idea. You'll know roughly, well, I'm going to have the full state pension. So start with a point in time which kind of makes sense to you in the abstract. Just save as much as you can until you're 52 and then start really trying to put some numbers on it. Because I just think you end up down a

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