As people move towards and then into their 50s and 60s, a ‘life after work’ starts to loom large. But what will it actually look like? Sometimes it’s hard to bring the image into sharp focus. And critically, how much money will you need to fund the life you want in retirement? Unfortunately, like many things in life, there’s no simple answer.
There are as many visions of what a ‘good retirement lifestyle’ looks like, as there are people. For some it’s cruising around the world, others picture a caravan and the open road, perhaps it’s simply perfecting your golf swing, spending more time with the grandkids, or just pottering in the garden at home. Of course, each scenario requires a different level of income. So where does that leave you?