In the UK, an industry body annually publishes estimates of retirement income needs. USD$52k is GBP£41k which is about enough for a “comfortable” retirement for a single and a “moderate level” retirement for a couple. We have good free healthcare of course.
Many people who “FIRE” in their 40s and 50s have targets that allow drawdowns much smaller than this.
When you hit 67, you’ll also receive USD$15k pa state pension, provided you worked for 35 years, even if you continue to work.
If you’re still a “family of 4”, it’ll take a bit more.
In the UK, an industry body annually publishes estimates of retirement income needs. USD$52k is GBP£41k which is about enough for a “comfortable” retirement for a single and a “moderate level” retirement for a couple. We have good free healthcare of course.
Many people who “FIRE” in their 40s and 50s have targets that allow drawdowns much smaller than this.
When you hit 67, you’ll also receive USD$15k pa state pension, provided you worked for 35 years, even if you continue to work.
If you’re still a “family of 4”, it’ll take a bit more.