I'm 35 and have been at the same company for 10 years that offers a pension. I currently earn 120k per year. If I were to quit now, my pension will pay out 1300 a month at 65. If I continue working until 65 and retire, the pension will pay out roughly 10,000 a month (assuming a 3% yearly salary increase). I do not contribute to this at all but I have a separate 401k that I do contribute to up to the company match of 4%.
I'm looking to move on and most companies do not have a pension. How do I compare my currently salary and pension to a job without a pension? I am looking to figure out what my asking salary should be and what I would need to save for retirement to at least match my current pension, but desirably exceed it.
Submitted January 25, 2021 at 07:55PM by Unlikely_Variety_351 https://ift.tt/2YdtMWv
