Mezzo milione di euro per un pensionamento “moderato”? Le somme forfettarie che devi salvare – The Irish Times
https://www.irishtimes.com/your-money/2025/04/01/half-a-million-euro-for-a-moderate-retirement-the-lump-sums-you-need-to-save/
di WickerMan111
15 commenti
I can’t read the article because it’s behind a paywall but, presuming you live for 25 years after you retire, 500k in retirement will leave you scraping by if you actually want to enjoy your life.
Yah, I think their idea of moderate and mine are different.
So if I work for 45 years, I need to set aside €926 a month to my pension. My employer matches my contribution, so I really need to save €463 a month?
tl;dr Start your pension today, even if it’s just a few quid.
This capitalist system means we’re fcked….
After a nice run for the last couple of years, the last month or two has sucked. Thanks Trump.
Haha, a fantasy for a decent portion of people. Rather short sighted because these people will simply be dependent on the state when they retire.
I want a fair bit more than that like a nursing home costs 50k a year now god knows what it’ll be in 40 years time.
I’m 54m and contemplating retiring in the next year or two. I’ll work part time just to get the credits for the contributory pension and there’s the 2038 bug consulting gig (I’m a Unix software developer).
Some suggestions.
Max out contributions if you can. Every time you get a raise put half your raise into your pension. You won’t notice it missing as much that way.
Buy a house and pay off the mortgage. Not having to pay for a place to live saves a lot of money.
If you do own a house put some effort into reducing expenses. Insulation, solar PV, LED lights, HRV, etc.
When you’re close to retirement and if you’ve maxed out pension contributions, put money into medium term savings. Once you put your pension in an ARF, it can still make money. And you won’t have to withdraw from it until you’re 61 so it can keep growing for a bit. The more short term savings – plus the lump sums – the longer you can keep ARF withdrawals to the minimum.
Is this as someone who rents or is still paying off a mortgage why do we need so much just to survive it we have already paid off mortgages and other bills?
I know people comfortably living off small pensions cuz they are homeowners?
Or is this moderate for people who want a holiday every year and are used to loads of new shit every week? Cuz some of us don’t need new things every other day. I hate clutter and like living a very frugal life tbh.
I often plug numbers into the investment calculator at calculator.net. It always amazes me how much much you will have at 40 years off contributions.
Take a salary of 50K. You put in 5% and your employer puts in 5%. Assuming you get no pay rises (you will) so contributions stay static, and a 6% return, you will have €793K. This is at a cost of €100 a month out of your salary or €60K over your life time. You can also pull out 200K of this tax free.
Investments aren’t amazing here but getting a pension while paying the highest rate of tax and getting employer match is once of the best things you can do.
It’s boring, slow and just ramp up until your last 10 years or so, but so it. I made my younger brother start one as soon he got his grad job. He owes me some pints at 65
Bloody hell
Sit down John. You’re FUCKED.
People can’t even save for a mortgage deposit, how are we saving for a pension that by the time I retire will more than likely be 70