Please note, the information presented in this page is for illustrative purposes only and does not constitute tax advice or recommendations.
How much money will you need each year during your retirement? A recent study by Loughborough University came up with the following figures:
It’s easy to work out the amount of money you might need during your retirement: just multiply the length of your retirement with the annual income figure shown above (depending on the sort of lifestyle you want). To help you, the average retirement is around 18 years for both sexes according to The Office of National Statistics.
It's the easy way to understand all the financial stuff you feel you should know but somehow missed.