ireland can i retire
ireland_can_i_retireIreland: can I retire at 60 (or any age)? Year-by-year projection to 95 for one person or a couple: pay and pension contributions until retirement, DC pots drawn at retirement (25% lump sum: first €200,000 tax-free, next €300,000 at 20%; the rest to an ARF with the 4%/5%/6% imputed minimum drawdown), DB pensions, State Pension (Contributory) from 66 (default €309.30 a week, 2027), savings, an optional UK State Pension for UK years (from the UK State Pension age, taxed in Ireland, no USC), a spending target in today’s money, and income tax (age credit, €18,000/€36,000 exemption with marginal relief), USC (none on the State Pension; reduced at 70+) and PRSI (pay only) on the 2027 rules. Growth and inflation are assumptions. Returns the age the money lasts to, bridge years before 66, wealth at retirement, the spending that lasts to 95, retire-at-60/62/65 comparison and key years in today’s money.
Tool call template
Replace each placeholder with a value matching the input schema. Only required parameters are included; add optional parameters as needed.
{
"id": 1,
"jsonrpc": "2.0",
"method": "tools/call",
"params": {
"arguments": {
"age": "<age>",
"retireAge": "<retireAge>",
"spending": "<spending>"
},
"name": "ireland_can_i_retire"
}
}Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| age | Yes | Your age now | |
| growth | No | Pension/ARF growth % a year after charges (default 4.5, an assumption) | |
| salary | No | Gross pay a year, EUR | |
| savings | No | Savings and investments outside pensions, EUR | |
| spending | Yes | Household spending a year in retirement after tax, today’s money, EUR | |
| dbFromAge | No | Age the DB pension starts | |
| dbPension | No | Defined benefit pension a year, EUR (0 if none) | |
| household | No | Household | |
| inflation | No | Inflation % a year (default 2) | |
| retireAge | Yes | Age you stop work | |
| contribPct | No | Your pension contributions, % of pay | |
| partnerAge | No | Partner age now | |
| pensionPot | No | DC pension pots today (occupational DC, PRSA, AVC), EUR | |
| savingsAdd | No | Added to savings each year until retirement, EUR | |
| employerPct | No | Employer contributions, % of pay | |
| partnerSalary | No | Partner gross pay a year, EUR | |
| ukPensionWeekly | No | UK State Pension forecast a week in pounds (overrides ukQualifyingYears) | |
| partnerDbPension | No | Partner DB pension a year, EUR | |
| partnerRetireAge | No | Partner retirement age | |
| partnerPensionPot | No | Partner DC pension pots, EUR | |
| ukQualifyingYears | No | UK National Insurance qualifying years (UK State Pension: 1/35 of £241.30 a week each, 10 minimum) | |
| statePensionWeekly | No | Expected State Pension a week in 2027 euros (full rate 309.30; 0 if none) | |
| partnerStatePensionWeekly | No | Partner State Pension a week (2027 euros) |