How much to live on

Albermarle

I have been retired 4.5 years and I find it is best to try and not focus too much  on the news, which tends to have an overly negative bias, and try be objective and see that there have been many worse periods to retire. Late 1970’s/ early 1980’ for example. Inflation over 20%; Interest rates and unemployment over 10%,etc
Or just before the Great financial crash in 2008.
orjust before the  Dot.com crash of 2000.
Now wages and pensions have risen above inflation in the last two years . Unemployment is relatively low.
A typical medium risk pension fund is up 35% in the last 5 years.
So could have been a better time to retire I guess, but for sure economically it has not been an unprecedented period.

Ordinary_Yet_Unique

@midinoon I agree with the last part of your post. Some updates about present day expenditures and average pension incomes would be most welcome. After all it is the very essence of this thread in this part of the forum. Actual/realistic figures, rather than generalisations, are more helpful to others in my view. Would be great to have any updates from some of the early posters, but fully understand they may not wish to do so or have moved on.

LL_USS

Yes some current examples would be great - though we appreciate that people's spending habits vary so much and so do the costs depending on where we live. This is an AI overview. Am kind of hoping this figure can work for me so I am not too worried about losing my job even now - given the gloomy atmosphere in the university sector (and any more pension contribution in the future is just extra.....)

Ordinary_Yet_Unique

AI eek!!!!

LL_USS

Ordinary_Yet_Unique said:

AI eek!!!!

:-P sorry - these days you google and Ai jumps out - can't avoid it.