Many financial planners estimate that you will need retirement income of about 75% to 100% of your pre-retirement income to maintain your pre-retirement standard of living .

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That income represents about 75% of your pre-retirement income.

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This will give everyone who contributes to a private pension a much better idea about their likely retirement income, as it will project the growth of both your state and personal pension contributions within one statement.

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So, if all you care about in retirement is ensuring you have the most income for the rest of your life, there is nothing that beats having access to other (dead) people's money (instead of their kids).

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