How much do I need to retire? - Times Money Mentor
Many people long for the day when they stop working and have more time for the finer things in life – long weekends away, mid-week trips to a gallery or even a leisurely morning swim. But how much do you ultimately need annually to afford your desired lifestyle in retirement and pay your everyday expenses?
The average single person needs £31,300 after tax for a moderate income when they retire, says the Pensions and Lifetime Savings Association (PLSA), but this is just one figure to look at....