🎓 Vanguard UK: How Much Do You Actually Need to Retire?
• The UK's updated Retirement Living Standards: a moderate lifestyle now costs £32,700/yr for a single person, £45,400/yr for a couple.
• To fund a moderate lifestyle to age 100, a 66-year-old needs a pension pot of roughly £501,790 (single) or £487,130 (couple, combined).
• A 25-year-old earning £30k/yr needs to invest just £72/month into a SIPP to reach £500k by 66 — a 50-year-old with £100k already saved needs £434/month.
• Reminder: pension tax relief turns an £80 contribution into £100 automatically for basic-rate taxpayers.
🔗 Read more
#vanguard