25th June 2015
Aegon launches the Retireometer
Aegon has launched the Retireometer – a simple and fun digital tool that lets you know if you’re on track for a comfortable retirement in just a few seconds. As well as an international version, it's also available in 10 languages.
Most of us are curious about how well-off we’ll be in retirement, but until now, the only way to find out was to use a complex calculator or visit a financial advisor. The result? Far too many people putting it off for another day.
It only takes a minute
The Retire-O-Meter doesn’t provide you with a retirement income accurate to the nearest cent, but it does give you a rough estimate. You’ll probably know most of the information required off by heart, so you’re more likely to complete it.
Not happy with the outcome - try another approach!
What’s really interesting about the Retireometer, is that in the ‘Play’ mode it enables you to see the significant effect that starting saving at a younger age, retiring later, or getting a better return on your investment can have on your retirement income. Or alarmingly, what little effect additional monthly saving has if you’re already close to retirement!
Throughout the game, a number of interesting facts from the 2015 Aegon Retirement Readiness Survey allow you to check how your financial situation compares with other people in your country – such as how long you expect to live after retiring.
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