Step-by-step explanation:
We can easily calculate the money people do usually make when they get retired. We have one very basic rule that you can get approx 80% of the amount you were getting before your retirement. By using this formula you can calculate what you will get after retirement.
For example, if you were earning £2000 per month, then after your retirement you will get £1600 in your retirement. The amount will keep on increasing depending upon what you were earning right before your retirement. Likewise, it will be very less amount if you were earning less before your retirement.