Article preview: As financial questions go, this is the big one – how much do I need in order to afford my retirement? There are various rules of thumb you could apply so you can answer this big financial question. As a rough guide, some advisers might suggest you need enough in your pension pot to provide the equivalent of two-thirds of your salary from employment. We used to consider a £1m pension pot as the basis of a financially sound retirement, big enough to generate what is needed in later life.
How much do I need to retire?
£27.00
This 689 word blog post considers higher life expectancy, rising price inflation and falling investment returns as factors which mean greater amounts of retirement savings are now needed. Written on 3rd January 2019.
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