Don't think this is too much of a thread drift...
Assuming one is mortgage free, what annual ££ income do peeps think would provide a 'reasonable' standard of living in retirement?
Obviously there will be many differences in what people think is 'reasonable'! I would like to be able to run my home and pay those bills, eat and drink reasonably well, have the occasional night out, perhaps have 2 'cheapie' European holidays a year, run a newish economical car and of course, also run and enjoy the Morgan!...
Our FA at work says in simple terms, decide what you need per year - say £35k multiply by x25, equals = what your 'pot' needs in it - in this case £875,000
