Investing for retirement

LHW99

As a guide, they often say 25 x Y - this would allow withdrawal of 4% pa (ie income of Y).

However, the 4% withdrawal is rekoned for US investors, for a 30 year retirement.

In the UK, 3% is often judged as more likely to be sustainable, so eg if you wanted £3kpa you would look for a fund of £100K. If you planned to retire early you might need a bit more particularly if you family are long lived.

Also don't forget, a part of your income would be covered by state pension at SPA.