Retirement: 5 steps you can take to ensure a comfortable retirement | Personal Finance | Finance


Ms Savova says: “An online pension calculator can help you decide how much you’ll need to save to be able retire at your desired age. If the results aren’t what you were hoping for, try inputting a slightly higher retirement age to see what’s really achievable.”

Set short-term savings goals

“Saving for your retirement is a marathon, not a sprint”, Ms Savova said. “It can be overwhelming to think about how much you’ll need to put aside to be able to afford the lifestyle you’d like in retirement, so for now, think short-term and put a savings plan in place that you can comfortably stick to.”

By taking small steps and staying disciplined over time, people will gradually see the gains they are making with each small contribution.

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