Due Retirement

Retirement Plan

Due provides a range of retirement accounts to make your retirement planning easy, secure, and hassle-free. 


Earn 3% on your contributions, with no hidden fees.

Retirement Plan for Everyone

Stay on track of your retirement

With a Due retirement plan, you’ll always be able to see your contributions and track their growth.


As your funds grow at an annual rate of 3%, you’ll be able to watch your savings compound each month, moving you closer to your retirement.


You can also add bonuses to boost your distributions and enjoy a richer life after work.

Track your retirement
Predictable Retirement Rate

Predictable Retirement Rate = A Secure Future

At Due, we make saving for retirement easy. We guarantee that your retirement funds will enjoy a 3% growth rate every year. Whether the market booms or busts, you’ll always know exactly how quickly your retirement savings are growing.  


Want to know how much you’ll be getting each month when you retire? Now with every dollar you put into your annuity plan, you’ll see exactly how much you will receive every month for the rest of your life. Truly a predictable retirement plan where you can see (after all fees) what you’ll get. 


Retire after the age of 66, and enjoy a monthly, guaranteed income.

Why Choose Due for Your Retirement Fund?

Planning for your retirement can be complex and risky. Interest rates can vary so that you never know exactly how much you’ll receive when you retire or whether you’re still on track to the retirement you want. With so many plans and so many options, it’s too easy to procrastinate, losing many of the benefits of compound interest and reducing your retirement income.


At Due, we think retirement planning should be simple and predictable.


That’s why we pay a fixed rate and guarantee a monthly income after you retire. It’s easy.

Keep Control

Your retirement fund will grow at a guaranteed rate but you can still improve your retirement by increasing contributions.


Save more each month as your income grows. Make one-off contributions when you land a bonus. You can even reduce your contributions if your income tightens. Your Due retirement fund can change as your life changes.


Need money quick? The nice thing about Due retirement account is that you can withdraw your money early. If you need the money before you officially retire there will be some fees (typically between 5-10%) and the money will be deposited in 4 to 5 business days.


Retirement security is front and center. Make sure you enable 2-factor authentication on your account to protect yourself.

Get Started
Applying for an account is free and
takes less than 2 minutes



It’s the moment we work towards—or dread. After about 40 years of work and effort, we’ll be ready to hang up the keyboard or put away the work clothes. We’ll be able to ignore the Zoom invitations and spend our days doing… whatever we want. Instead of typing up emails or making sales pitches, we’ll be able to plan cruises or redesign the garden.


We’ll have time.


But enjoying retirement depends on having the resources to enjoy it. Retirement might remove the burden of work but it also removes the benefits of a salary. In order to make the most of our last years, we need to begin preparing for them a long time before we reach them. We need to put aside money so that we no longer have an income from work, we have funds that can work for us.


This guide to retirement will explain everything you need to know about the years after your work, and the financial planning you have to do now.

What You’ll Find in This Guide

This guide to retirement won’t tell you how to have a good time. We assume that you know how to do that.


Instead, we’ll talk about the four stages of retirement because few life changes are more important. You should understand what awaits you in your last—and hopefully best—decades of life. We’ll tell how to make sure that you really can enjoy those years.


We’ll start talking generally about when you can retire, how much money you’d like to have when you retire, and how much you can realistically expect to receive when you stop working.

But the details matter. There are a number of channels that you can use to save for retirement. You might receive a pension or buy an annuity. You could also fund a 401(k) and yoou will receive Social Security payments. We’ll talk through what each of them mean, what they can deliver, and what you need to know before you put money in them.


Finally, we’ll talk about what you need to do now to to plan for your future.

An Overview of Retirement

When we talk of retirement, we usually imagine a single period stretching from the last day of work to the last day of life. We may no longer have a schedule to fill but the days do look similar: a mixture of gardening, grandchildren, and golf.


In practice retirement isn’t a single, unchanging period. A report in 2016 from Age Wave and Merrill Lynch identified four different stages in retirement.

Chapters - Retirement Chapters

Retirement FAQs

How much do you need to retire?

When you decide to stop working, you want to have enough money to continue your lifestyle and make the most of the extra time you have available. That amount will vary according to your lifestyle, where you live, and what you want to do. One way to calculate a retirement target is to aim for ten times your last salary. If your last annual pay will be $70,000, you should aim to save $750,000  for retirement.

Another approach is to follow the 4% Rule: save enough to be able to live on 4% of your retirement savings each year. If you think you’ll be able to live well on $50,000 a year in retirement, you’d need to save $1.25 million.

What are the different types of retirement funds?

The finance industry offers a wide range of different funds, each of which can come with its own set of limits, tax benefits, and growth rates.

401(k) plans are sponsored by employers. Employees make contributions out of their pre-tax dollars, and can add extra contributions which their employers might match. Versions are available for the self-employed. Roth 401(k) plans let you make contributions with post-tax dollars if you think you’ll be in a higher tax bracket when you retire.

Traditional Individual Retirement Arrangements (IRAs) are retirement funds which you fund yourself, with no connection to your job. Like 401(k) plans, IRAs can be tax-deferred or funded with after-tax dollars. They do, however, have much lower limits than 401(k) plans.

Other retirement plans include Simple IRA plans, Simplified Employee Pensions, and annuities. Retirement plans can be fixed rate or variable rate. In short, there are many different ways to fund a retirement plan depending on your employment status and tax liability.

What is the right retirement age?

There is no one right retirement age for everyone but there are ages that can affect what happens to your retirement funds. Take distributions before the age of 59.5, for example, and you’ll pay a penalty. At 62, you can begin taking Social Security but you’ll add 8% a year to your income if you wait until you’re 70. At 70.5, you must start receiving distributions from any pre-tax retirement plans.

Choosing the right age for you will require some financial planning, and plenty of life planning.

Can I open a retirement account myself?

If you’re employed, your employer might offer a retirement plan—which you should use. But you can also create your own retirement fund. Use that fund to either supplement your employer’s plan or to make up for the absence of a retirement plan at your workplace.

When it comes to your retirement, you’re in control!

How do I fund my retirement?

You can fund your retirement with either pre-tax dollars or post-tax dollars depending on whether you prefer to pay the income tax on the contribution amount now or when you retire. But you should save every month, without skipping a contribution. You should also max out your employer’s matching contributions, and if you’re over 50, you should take the opportunity to make catch-up payments

Above all, though, you should make funding your retirement a habit that’s hard to break.

What are the five stages of retirement?

Experts have described retirees as passing through five stages.

Stage 1 is preparation. You check your retirement funds, look back at your career, and prepare your bucket list for life after work.

Stage 2 covers the first year or two of retirement. It’s exciting and liberating, filled with new adventures and all the fun that comes with free time.

Stage 3 is when things can get difficult. You’ve done the cruises and improved your golf handicap. You’ve crossed off much of your bucket list and now you’re missing a sense of purpose. You might even feel bored.

Stage 4 is when you come to terms with your retirement. Life settles into a new routine and you find contentment in your new identity.

Stage 5 is one of stability. You have a good life, and you enjoy it. Health starts to become a concern and might limit what you can do, but within those limitations there’s plenty of room for friends, family, and enjoyable activities.

Can I retire at 55 with $300,000?

Not unless you can live very cheaply. You won’t be eligible for Social Security for another seven years, and applying the 4% rule gives you an income of just $12,000 a year, or $1,000 a month. You might be able to part-retire but you’ll probably need some part-time work to boost your income.

Or you can keep funding your retirement pot, making the most of the catch-up limits, and retire later.

How much does the average American have in savings?

According to a 2016 survey by the Federal Reserve, the average American family had about $40,000 in liquid savings. People aged between 55 and 64 have managed to save an average of $57,200, rising to $67,700 for people aged between 65 and 74.

But education matters.

People with a college degree have about $85,600 in savings, compared to $16,700 for people with only a high school diploma.  

How much cash should I keep in the bank?

You should keep money in the bank only for emergencies. The rest of your savings should be invested to generate higher income. How much you’ll need keep aside for an emergency depends on your sense of security. In general, aim for between three and eight months of expenses.

Where do millionaires keep their money?

Millionaires store much of their funds in their walls: their biggest assets are their homes. They’ll also invest in the stock market and especially in their own businesses. Much of their wealth though will be in their retirement funds which allow them to store money for the future and reduce their tax bills.

Retirement Terms You Might Not Know or Understand


An IRA, or Individual Retirement Account, is a retirement savings plan established and funded by individuals separately from a retirement fund offered by an employer.

401(k) Plans

401(k) plans are retirement funds offered by employers who choose the plan and make contributions automatically from their employees’ salaries. Employers may also offer matching funds when employers increase their contributions.

Matching Contributions

To encourage employees to make additional contributions to their 401(k) plans, employers might offer matching contributions. Matches aren’t always 1:1 and they usually come with a limit. But they do provide a way for employees to increase their incomes in the long run.

Vesting Periods

Vesting periods describe the time an employee must remain with an employer in order to receive their matching funds. Cliff vesting delivers all the matching funds once the service requirements have been met. Graded vesting awards a portion of the matching funds according to the number of years of service.


An employee who leaves a company can roll the funds in their 401(k) plan over to their new employer. They may also choose to leave their funds in situ depending on the amount they’ve saved.

Traditional Retirement Plans

Traditional retirement plans, whether IRAs or 401(k) plans, allow individuals to make their contributions using pre-tax dollars. Instead of paying income tax when they earn those funds, they put them in their retirement fund and pay income tax when they retire. The tax deferment is intended to encourage people to save for their retirement by assuming a lower tax rate when work ends.

Roth Plans

Roth Plans, whether IRAs or 401(k) plans, allow individuals to make their contributions using post-tax dollars. The funds then remain tax-free when they retire. Roth plans are useful options for people who expect to be in a higher tax bracket when they retire.


Annuities are retirement funds supplied by insurance companies. Investors can make monthly contributions or pay a lump sum and receive a regular income in return. Various options can allow beneficiaries to continue to receive payments from an annuity.

Variable Rate Annuities

The rate at which an annuity grows can be fixed or varied. A variable rate annuity will be volatile, with returns rising and falling in line with the investment in the annuity. They might deliver higher returns over the long run but they carry more risk and less predictability.

Fixed Rate Annuities

Fixed rate annuities carry a pre-determined interest rate. Regardless of how the market performs, savers know exactly how quickly their savings are growing, giving their retirement plan one stable pillar.

Defined Benefit Plans

Defined benefit plans, or pensions, deliver a pre-determined payout regardless of the performance of the employee’s retirement fund. Companies have increasingly turned away from offering defined benefit plans in favor of defined contributions plans.

Defined Contribution Plans

In defined contribution plans, employees save a fixed amount each month in their retirement fund. The amount that they’ll receive when they retire, though, will depend on the performance of the fund. If the fund performs poorly, the retiree may find that they have a smaller retirement income than they expected.