Retirement income targets analysis

FIREDreamer

Bluebell1000 said:

Based on our current spending, £25k per year would be a pretty luxurious lifestyle in my opinion. Though that doesn't include one-off spends like replacing a car, or large house repairs. I guess it depends on what you see as being luxurious. For me, I reckon it's the ability to buy Muller corner yogurts without wincing at the price 😅

12 for £5 at Morrisons. 90p each - never!

katejo

Surely it depends very much on whether someone retires mortgage free or still with a mortgage to pay off/paying rent? I am planning my retirement. I have a final salary/career average DB pension and will get a significant lump sum. I also have significant savings. My annual pension income is likely to be around £20K but I have no mortgage left. I have never earned over £37 K so the idea of a pension over £40 K is impossible.