Today's 30-year-old retired...

The experts in finance and economics are speaking more and more loudly and more often on the condition of the Polish pension system. Numbers and facts related to, for example, demography or the functioning of the state Social Insurance Institution (ZUS) do not inspire optimism. Therefore, it is expected that the amount of pension benefits for Poles will leave much to be desired. In addition, it is difficult to predict what will happen in the economy and to what extent it will affect further forecasts and facts concerning the future of retired Poles. People aged 30-40 have at least two decades of possible changes in laws, pension reforms or changing and unpredictable economic circumstances ahead of them.

There are many arguments in favour of having a quiet head for a good future and no financial troubles on retirement day. For it is most likely to take care of itself, without hope that the state pension will suffice for a dignified and happy life after the cessation of paid employment.

How to start saving and what capital to expect at the end? The solutions are many, the goal is the same - enough money in retirement.

When to start saving for retirement? As early as possible, i.e. preferably before the age of 30.

Poles do not have the habit of saving money, especially in the long term. The retirement period for a person about 30 years of age seems very distant. Young people, despite declaring that they start to systematically put aside money when they reach the age of stability, usually postpone this moment until they reach the age of 50. It's definitely too late. It takes time to raise capital that can generate additional profits. Therefore, many financial experts suggest to their clients that they start regular savings as early as possible, and after 30 years it is almost a necessity and the last bell for capital to grow and work dynamically for future profits. Deciding for yourself how to put money aside to pay interest for the future can be complicated. In such a case, it is worth looking at the offer of financial institutions offering many modern, flexible products for regular savings.

30 years, isn't it too early? No, no, no, no, no, no, no, no, no, no, no, no. Early retirement means, first of all, less monthly contributions that have to be earned from your household budget. In addition, long-term savings allow for a sustainable and secure increase in the amount of money deposited. Starting to save at a later age requires higher premiums, which may be more noticeable in monthly expenses, and additionally the desire to accelerate profit ends with choosing more aggressive and at the same time less secure saving strategies. All this in order to achieve a comparable effect to that achieved by a person putting aside lower amounts over a longer period of time.

How much can he save for retirement when he starts saving today's 30 year old?

In order to realize how much money today's 30-year-olds need in order to have a stable income after retirement at a satisfactory level, it is worthwhile to realize how much the pension paid from ZUS and OFE will be. Some of the future pensioners born in the 1980s and earlier receive correspondence with the Social Insurance Institution (ZUS) with the projected amount of future benefits. For some, it may be a few dozen (30-50%) percent of the monthly salary.

In addition, the collected money may be necessary for the future pensioner. If you want to know how much money you need to save and how much time you need to save, ask the Open Life professionals. With the help of experts, it is possible to determine the amount of an individual contribution, which is systematically put into a selected product and has a great potential to raise capital.

Savings products in Open Life

Even if the start of regular savings is moved closer to the 40th birthday, nothing is lost. All you have to do is put aside bigger amounts on a regular basis. Optimistic is also the fact observed by openlife.pl experts, that after reaching the age of 30, customers usually earn higher income, which allows them to save significant amounts of money for retirement. They stress, however, that it is high time to start thinking about retirement and not to postpone the decision to start saving, even if the current financial situation seems to be fully satisfactory. The selection of savings products is rich and varied, so that everyone can find the right variant for himself or herself and adjust the premium to his or her wallet.