Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
Page 1
  • EdInvestor
    • #2
    • 2nd Jan 08, 5:11 PM
    • #2
    • 2nd Jan 08, 5:11 PM
    Look at 100k per 5k of income: so if you want an income of 20k, you'll need 400k in the pot.

    If you want fancy add-ons like index linking for inflation, spouse and dependants pensions and guarantees, be prepared to pay a lot more. For instance the basic state pension would cost about 150k if bought on the open market.
    • dunstonh
    • By dunstonh 2nd Jan 08, 5:20 PM
    • 81,066 Posts
    • 46,329 Thanks
    dunstonh
    • #3
    • 2nd Jan 08, 5:20 PM
    • #3
    • 2nd Jan 08, 5:20 PM
    5% is a good guide for income. Its historically always been achievable.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
  • TTMCMschine
    • #4
    • 2nd Jan 08, 5:22 PM
    • #4
    • 2nd Jan 08, 5:22 PM
    Thanks guys.
Welcome to our new Forum!

Our aim's to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

6,856Posts Today

5,949Users online

Martin's Twitter
  • Is it time to ditch your cash ISAs now all savings are about to be tax free? Here's my answer... https://t.co/bzycf0PCjd

  • Do you have questions on flight delay compensation? Have you succeeded in getting it? Do let me and @itvMLshow know for this Friday's prog

  • Most ovo customers rave about its service. Im sure some will tell you (or may disagree) when I tweet this https://t.co/TwUSgeKVg0

  • Follow Martin