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When you can retireCan you afford to retire?Retirement options

Retirement

To make sure you have enough money for the rest of your life after work, you should think about setting a target

If you have set a target for your income in retirement and you have been tracking your account online, then you should already have an idea of whether or not you can afford to retire.

Unless you are planning to buy an annuity to provide an income for the rest of your life, you will need to estimate how long you think your money will need to last for.

Remember, when you retire you will also receive the basic benefit of 90 days’ salary + 20 days’ salary for each year that you have worked for the company.

Read more about setting a target.

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