In order to help you find out if you are on track with your pension savings to guarantee a comfortable retirement, Standard Life has launched its new online retirement planner.
The calculator is available to both new and existing Standard Life customers and can deliver a personalised report based on your circumstances, telling you whether you have saved enough and, if not, how much more you will need to put away.
The planner has several easily-alterable variables, including expected retirement age and target income for retirement years.
Ian McKenna, director of the Financial Technology Research Centre, said:
"This is a straightforward, easy to use tool that can help to get people thinking about how much income they are going to have in retirement and recognise the benefits of starting to make extra payments sooner rather than later."To read more about pensions, click here.
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