Hi again. I have been busy with my calculations to allow me to stop teaching at 60 on my final salary NPA 65. Thanks to everyone who contributed to my recent post about AVCs. I have been reading about some of you who retire before NPA and take a reduced pension and say it works out that you are better off until about your 80's. I think I will need money more before I'm 80 than after, so I thought I would look into this. I am stuck on the calculation. Using the 'retire early calculator' on TP I have calculated my pension will be 7,507 if I claim at 65 and 5,848 if I claim at 60. 7507 - 5848 = 1659 less pension for all time But I will have an extra 5848 x 5 years = 29,240 from age 60 to 65 I worked out the break even age as follows: 29,240/1659 = 17.5 So I will start to be worse off when I am 60 + 17.5 = 77.5 Can anyone tell me if this is the correct way to calculate this? Thanks in advance of any comments.