A survey by Royal London Ireland, published last week, suggests Irish workers believe they will need almost €41,000 per year for a comfortable retirement.This week, Irish Times business reporter Ian Curran spoke to pension advisers on how big your pension pot should be for a comfortable retirement in Ireland. Royal London Ireland calculates that to secure €40,860 a year on retirement, assuming they qualify for the State pension, someone earning €61,908 who starts saving at 30 would need to put away €1,135 per month. That is 22 per cent of their income. Paul Merriman, chief executive of financial planning firm Fairstone, says that for most people beginning to save for their pension in their 30s, putting away 22 per cent of their income is “madness”.“We need to be talking to people about what’s achievable for them,” he says.The Irish Times would like to know how readers are feeling about their pensions and retirement plans. Do you feel you’re able to contribute enough for a comfortable retirement considering the current cost of living? Will you be able to retire at the age you would like to, and how heavily will you rely on the State pension? What considerations are often missed or overlooked when it comes to retirement plans? We would like to hear your thoughts.You can let us know what you think using the form below. Please limit your submissions to 400 words or less. Please include a phone number for verification purposes only. We will keep your contact details confidential. If you would prefer to remain anonymous in any published articles, please indicate this in your submission.We will curate a selection of submissions for an article but please note we may not publish every submission we receive.
Share your views: how do you feel about your pension and retirement plans?
With a new survey warning people underestimate retirement savings needs, we would like to hear your views










