Why its so important to start your pension early!

We came across this in the office today, it’s an old chart but still very relevant. It highlights the importance of starting your pension early.

Estimated Retirement Fund Value at NRA 65

 

Annual Premium
€2,000
Annual Premium
€3,000
Annual Premium
€4,000
Annual Premium
€5,000
Annual Premium
€6,000
Annual Premium
€7,000
Age 30 €275,667 €417,217 €558,766 €700,318 €841,866 €983,417
Age 35 €192,118 €290,766 €389,415 €488,065 €586,712 €685,363
Age 40 €130,291 €197,193 €264,095 €330,998 €397,899 €464,802
Age 45 €84,906 €128,503 €172,101 €215,698 €259,295 €302,893
Age 50 €51,920 €78,580 €105,240 €131,900 €158,559 €185,220

 

Notes:

Estimated funds are for illustration purpouses only and are
based on an assumed investment growth of 6% p.a.

Unit prices can fall as well as rise and grow at a faster or
slower rate than assumed.

Contributions are monthly and will increase at 3% p.a to
NRA.

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