Economy · Full coverage

New Pension Calculator Shows Monthly Deposits Needed to Reach Retirement Income Goals

How 2 Israeli newsrooms covered this story — translated into English and compared side by side.

100% center

Center 2

First reported by N12 · 3 hours ago

What happened

A new pension calculator helps Israelis determine the monthly savings needed to reach their desired retirement pension by working backward from the target pension amount. It factors in age, current savings, expected returns, and salary to provide personalized monthly deposit recommendations, emphasizing the benefits of early saving and allowing users to adjust goals based on affordability.

01The calculator starts from desired pension and calculates required monthly deposits backward.
02A 35-year-old aiming for 10,000 shekels/month needs about 2,570 shekels monthly deposit without prior savings.
03Existing savings reduce required monthly deposits significantly, showing early saving benefits.
04Delaying savings start by 10 years can double the monthly deposit needed for the same pension goal.
05The tool converts deposits to salary percentage, helping assess if current savings are sufficient.
06Users can price pension goal increases and balance future lifestyle desires with current income.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

In this story

People

Anat Gilad