The ageing population presents one of the most pressing issues of the developed world. Funding for the
increasing cost of the growing older population will, if not modelled, forecast and managed adequately, swamp all
other welfare and state funded costs. To manage older age costs adequately governments need to create
mechanisms to encourage savings and to provide suitable vehicles within which individuals can save. Equally, to
create the right tools and mechanisms for saving we need to better understand individuals' behaviour with regard
to old age savings. This study will focus on data led understanding of savings habits, on the development of a
stochastic superannuation model and the proposal of alternative post retirement solutions.