Making a pension calculator to find monthly deposits

Asked Jan 15 '19 at 14:35

Active Jan 15 '19 at 14:42

Viewed 19 times

Im trying to make a pension calculator to find out how much you need to contribute to your pension each month in order to reach your retirement goal.

For instance, let's say you want £250,000 when you retire in 35 years. How much do you have to put away each month (based on a CPI growth of 2.3%).

asked Jan 15 '19 at 14:35

LukeTerzich

Are you expecting to get any interest on the money you put away? – Servaes Jan 15 '19 at 14:40
only 2.3 which is the consumer price index.
If I wanted to add a 2% interest rate then how would I go about this as well?
– LukeTerzich Jan 15 '19 at 14:45
May be of interest https://math.stackexchange.com/questions/74111/pension-calculation – cgiovanardi Jan 16 '19 at 00:31

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