๐ Vanguard UK: How Much Do You Actually Need to Retire?
โข The UK's updated Retirement Living Standards: a moderate lifestyle now costs ยฃ32,700/yr for a single person, ยฃ45,400/yr for a couple.
โข To fund a moderate lifestyle to age 100, a 66-year-old needs a pension pot of roughly ยฃ501,790 (single) or ยฃ487,130 (couple, combined).
โข A 25-year-old earning ยฃ30k/yr needs to invest just ยฃ72/month into a SIPP to reach ยฃ500k by 66 โ a 50-year-old with ยฃ100k already saved needs ยฃ434/month.
โข Reminder: pension tax relief turns an ยฃ80 contribution into ยฃ100 automatically for basic-rate taxpayers.
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