Are you on Target for the Retirement you want?

Are you on target to achieve your desired Income in Retirement?

What is your desired lifestyle in retirement? Are you on course to achieve it?

This chart can help you determine if you are on the right path, think of its as a GPS guiding you towards a comfortable retirement.

The chart indicates how much you should have invested by now in order to maintain your current lifestyle for up to 30 years of retirement.

You may think 30 years of retirement is unlikely but at least one member of a 65-year-old couple has a 90% chance of living to 80 or beyond, a nearly 50/50 chance of reaching 90 and a one-in-five chance of turning 95 or older. Living longer affects key post retirement decisions.

If you’re in good health at 65 and have a family history of longevity, your retirement plan should account for 30 or more years of living expenses.

How to use this chart:

• This analysis assumes you would like to maintain your current lifestyle in Retirement.
• Go to the intersection of your current age and your closes current (Gross) household Income.
• Multiply your household income by the figure shown, this is the amount you should have saved by now, assuming you continue to contribute at 10% pa going forward.
• For Example: A 45 year old with a household Income of €50,000. €50,000 X 2.6 = €130,000.

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Research by JP Morgan Asset Management

This chart is for Illustrative purposes only and should not be relied upon to make Investment decisions.