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Your personal financial questions: How much will I need to live on when I retire and how will I get there?

Your personal financial questions: How much will I need to live on when I retire and how will I get there?

There are tools that can help you estimate how much premium you need to pay to reach your retirement goal. Photo: Getty Images

Charlie Weston

Today at 03:30

QI have been saving for my working pension, a defined contribution plan, for the past five years. However, I’m not sure I’m saving for the right retirement. What retirement income should I aim for and how can I achieve that goal?

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