Living in Retirement Graham Westmacott The impact of low interest rates on retirement. PWL Capital 2020-10-29T08:30:24 October 29, 2020 Joe is in a quandary. He had figured that he would buy a new truck in 3 years. He hadn’t been paying attention to the news much and assumed his $40,000 savings would grow by 3% annually so he estimated he would have approximately $44,000 to spend. In fact, given current interest rates, his interest rate on his savings is close to zero.