How much do you need to retire?

How much do you need to retire?

The Independent reports “British people need at least £260,000 to retire without money worries, say experts and renting millennials will need to set aside almost double that.”  “The figure is based on matching the average working income and considers spending changes like reduced travel costs because we’ll no longer be commuting to work. “

“Recent research from LV= suggests the average pot of money held by 45-54 year olds is just £71,340. Women have saved an average of only £56,000 by then it revealed, compared with £112,000 among men.“

Read the full article here  


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