View comments by: Most Recent - first / last | Most Popular - first / last | Replies - hide / show

How much income do you think you need for a modest or comfortable retirement?

I am thinking of returning home to the UK from abroad after 8 years, but there is a lot to consider, not least whether I will have enough income to live there. Just wondering whether anyone has any figures on what would be considered an adequate retirement income.


Created By on 31/01/2019

Not a member?

You need to be a member to interact with Silversurfers. Joining is free and simple to do. Click the button below to join today!

senora
21st Jan 2020 21:26:10
0
Thanks for voting!
I am still working part-time as I am scared I will not have an adequate income.
I am 70 and have deferred my state pension to bolster my savings.I feel that it is
a life changing situation and I am not sure when I will give up work.
ReportAdd a Comment Reply to senora
Waiting42022
3rd Feb 2019 11:00:47
0
Thanks for voting!
As someone who is hoping to retire in the next 3 years (I'll be 60) this is an interesting topic. I suppose it really all depends on individual circumstances and lifestyle. Patcaf has put down some suggestions that seem to fit well with my own ideas. Hope you can work something out.
ReportAdd a Comment Reply to Waiting42022
hondygirl Original Poster
1st Feb 2019 06:39:03
0
Thanks for voting!
Thanks for taking the time to reply patcaf, that's really useful. I would have my own home. That's roughly what I worked out, but it's good to get some confirmation.
ReportAdd a Comment Reply to hondygirl
patcaf
31st Jan 2019 10:53:48
0
Thanks for voting!
Virtually impossible to answer as it depends on whether you have your own or rent, do you have a car etc.

Generally speaking for a single person with their own home , a 'comfortable' income would be £25,00 per annum.

Now many people live on less than this , but a minimum for an adequate retirement would be £17,000 pa assuming you have your own home.
ReportAdd a Comment Reply to patcaf

Community Terms & Conditions

Content standards

These content standards apply to any and all material which you contribute to our site (contributions), and to any interactive services associated with it.

You must comply with the spirit of the following standards as well as the letter. The standards apply to each part of any contribution as well as to its whole.

Contributions must:

be accurate (where they state facts); be genuinely held (where they state opinions); and comply with applicable law in the UK and in any country from which they are posted.

Contributions must not:

contain any material which is defamatory of any person; or contain any material which is obscene, offensive, hateful or inflammatory; or promote sexually explicit material; or promote violence; promote discrimination based on race, sex, religion, nationality, disability, sexual orientation or age; or infringe any copyright, database right or trade mark of any other person; or be likely to deceive any person; or be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence; or promote any illegal activity; or be threatening, abuse or invade another’s privacy, or cause annoyance, inconvenience or needless anxiety; or be likely to harass, upset, embarrass, alarm or annoy any other person; or be used to impersonate any person, or to misrepresent your identity or affiliation with any person; or give the impression that they emanate from us, if this is not the case; or advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.

Nurturing a safe environment

Our Silversurfers community is designed to foster friendships, based on trust, honesty, integrity and loyalty and is underpinned by these values.

We don't tolerate swearing, and reserve the right to remove any posts which we feel may offend others... let's keep it friendly!