Gladstone Morgan - Personal Financial Consultants

RETIREMENT PLANNING

Retirement or retirement planning is probably best defined as 'financial independence'. The lifestyle you have aspired to is now affordable and work becomes an option not a necessity.

For international investors the goal of financial independence can be reached sooner rather than later. The nature of international employment means that an individual's pension arrangements must be comprehensive, yet portable and flexible. This cannot be achieved without forethought and planning.

The importance of retirement provision cannot be over emphasised. Gladstone Morgan regards sound and appropriate pension provision as a fundamental component of financial planning and will work with clients to achieve 'financial independence'.

What will it take to save for retirement?

Use this calculator to calculate how much you would need to have invested in order to withdraw a specified amount each year over the course of a specified period of time. For example, if you want to be able to withdraw $500 during each month of your expected 20-year retirement, this calculator will tell you that if you expect to earn a 10% interest rate you will need to have $51,812.30 saved up by the time you retire. This is often referred to as "Present Value of an Annuity" analysis. To compute the Present Value of an Annuity, fill in the first three boxes and then click the "Calculate" button.

Note: Other than decimal points, do not enter any other non-numeric characters (commas, dollar signs, etc.) in the entry boxes. Doing so will cause an error.

Enter the amount you would like to withdraw each month:

Enter the Annual Interest Rate you expect to earn:

Enter the number of years you would like to make monthly withdrawals:

This is how much you need to have saved:

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