Case studies

Using the example profiles below we will guide you through using RetireEasy LifePlan.

1 Background 2 Charts 3 Solution Back to case studies

Background: Adam Smith

Adam Smith

Adam has recently signed up to RetireEasy and has discovered a problem looming which he must resolve in order to be able to relax and not worry about his finances in retirement.

Here we take you through his situation, the problem he is facing and the way this is portrayed in the RetireEasy LifePlan. Then we show you the options he has to resolve this, the solution he chooses and how RetireEasy illustrates that the problem has now been eliminated.

Here are the key details Adam entered into RetireEasy:

Age: 61
Retirement age: 66
Desired Income: £25,000, increasing in line with inflation

    Inflation – 3%
    General Growth of Assets – 5%
    General Yield on Assets – 3%

Home Value: £300,000 – Growing at 5%
Mortgage: £50,000

SIPP: Value today £100,000
    Growing at 8%
    Start age - 66
    25% tax free lump sum taken
    10% pa drawdown

State Pension: £8,000 pa
    Start age 66

ISA: Value £10,000
    Growth and Yield as per General Assumptions

Personal Investments: Fidelity Fund
    Value: £100,000
    Growth and Yield as per General Assumptions

Income: Part time job
    Earnings: £15,000 per annum before tax
    Increases: 10% per annum
    Duration: From Age 66 to 70


Adam Smith case sample 1 Next: sample 2 Adam Smith case sample 2

What the LifePlan charts reveal:

Adam Smith case sample 3 Adam Smith case sample 4 Adam Smith case sample 5

The solution

Adam then had a number of choices: he could plan to downsize his home prior to age 82; enter into an Equity Release transaction; reduce his Desired Income from Retirement Age; or he could reduce his Desired Income prior to age 82.

He chose to plan to downsize his home by 30% at age 80, pay off his mortgage and re-invest the surplus funds in readily available investments that would produce growth and yield in line with his General Assumptions.

Adam Smith case sample 6


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Retire Easy Ltd.

RetireEasy is the UK’s only independent retirement planning tool. LifePlan gives you an overview of all of your assets – including investments, pensions, savings, business assets and properties – and the income you will receive after liabilities such as debts, mortgages and income tax. It is not just a snapshot, but shows you how your finances will evolve throughout your retirement.

With Premium LifePlan you can model a Lifetime Mortgage, create and compare up to 10 scenarios of your financial future, radically reduce life insurance costs through a Life Assurance Premium Checker and you can print user-friendly narrative reports.

RetireEasy was established in 2011 and has helped thousands of users to understand their finances throughout retirement and adjust their plans to ensure that their money will last.


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