Unlock your Irish retirement potential! Our free Ireland Pension Calculator helps you estimate your future pension pot. Plan smart for your financial security by calculating projected growth from PRSA or AVCs. Start your Irish retirement planning today!
Formula:
Future Pension Pot = Current Pot × (1 + r)n + Annual Contribution × [((1 + r)n - 1) / r] × (1 + r)
(This formula assumes contributions are made at the beginning of each year)
- Current Pot: Your current total pension fund (€)
- Annual Contribution: Your yearly contribution amount (€)
- r: Expected Annual Growth Rate (as a decimal, e.g., 0.04 for 4%)
- n: Number of years until retirement (Retirement Age - Current Age)