How much do you need in your pension to retire at 60 on £30,000 a year? Most people guess somewhere around £750,000. And if you’re working from the standard 4% rule — that’s exactly where you’d land. But that number doesn’t tell the whole story. 🔵 It doesn’t account for the State Pension. 🔵 It doesn’t account for a realistic withdrawal rate. 🔵 And it doesn’t account for the fact that your pot doesn’t have to do the same job every single year of retirement. When you factor all of that in, the
0:06
How much do you need in your pension to retire at 60 on £30,000 a year? Most people guess somewhere around £750,000. And if you’re working from the standard 4% rule — that’s exactly where you’d land. But that number doesn’t tell the whole story. 🔵 It doesn’t account for the State Pension. 🔵 It doesn’t account for a realistic withdrawal rate. 🔵 And it doesn’t account for the fact that your pot doesn’t have to do the same job every single year of retirement. When you factor all of that in, the
162.4K views1 week ago
TikTokleethepensionsguy
See more
Static thumbnail place holder