In this video, I talk you through the steps you need to follow to work out how much you need to retire, including going through your finances, calculating your state pension, using a pension calculator and working out your net retirement income.

I also tell you what to do if your predicted retirement income is less than you’d hoped or you haven’t already got a pension.

Check out our full article below:

00:00 – How much do I need to retire?
00:53 – What is a good retirement income?
02:15 – Step 1 – Go through your finances
02:46 – Step 2 – Calculate your state pension
03:48 – Step 3 – Use our pension calculator
05:14 – Step 4 – Work out your net retirement income
06:18 – What if your predicted retirement income is less than you’d hoped?
07:17 – The next step if you’ve not already got a pension

Pension calculator –

Income tax calculator –

Link where you can apply for state pension forecast –

“What is a pension and how does it work?” video –

#pension #retirement #retirementplanning

—————————————————————————

Since 2010 Money to the Masses has been helping people with their personal finances for FREE. Money to the Masses is one of the UK’s leading independent personal finance websites specialising in all aspects of financial planning including investments, pensions, property, insurance, mortgages, budgeting and saving. We bring together expertly written content, interactive tools and technology to help over 4 million people a year across our platform.

If you are looking to get your finances in shape then check out Damien’s FREE Money MOT at

—————————————————————————

Follow Money to the Masses on social media:

Website –
Facebook –
Instagram –
Twitter – …(read more)

LEARN MORE ABOUT: Retirement Pension Plans

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing

Write an article about How much do I need to retire and what will my pension be worth? in English