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Scalable Capital launches retirement planning tool
29/05/2018 , News Team

Scalable Capital has launched a “Time Machine”, where people can now systematically plan for their retirement.

The tool provides answers to the questions of how much money should be saved for retirement, whether your current savings plan is sufficient for your desired standard of living in old age and what the real value of your assets will be at the beginning of your retirement, after inflation, leading investors to an estimate of the monthly income they can expect in retirement.

Scalable Capital uses the same assumptions for calculating payments during retirement and their possible fluctuation margins as it does for its existing investment planner.

To use the tool the investor has to indicate their age, sex, initial investment amount and monthly savings plan. A graphic showing what monthly income can be expected in old age if they want to use the entirety of their savings over the course of their retirement will then come up.

The user can also view future payments giving them a realistic assessment of the actual purchasing power of their income in retirement and can also be used to find out how much is needed to contribute every month, in order to achieve a desired monthly income in retirement.

Digital investment manager, Scalable Capital was founded in 2014 and is active in the United Kingdom, Germany, Switzerland and Austria. With assets under management of over £600 million it has more than 20,000 clients.

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