How To Own The World – Why?

Own The World

2 Responses

  1. Avatar Cliff Hall says:

    The figure of £675k for a pension pot to provide an average income may be true but ignores the state pension. For a couple with 2 state pensions a pot of much less than £675k may be adequate.

    • Mike Rawson Mike Rawson says:

      Hi Cliff,

      I take your point. In reality everyone needs to come up with a figure for themselves. You get one figure if you want to retire early, and another if you’re prepared to wait until the state pension age (66, soon to rise to 68).

      I re-worked the figures from scratch recently for a panel at the Money Blogger Awards. Including the state pension but adding in a house to live in gave an average target of £728K. The details are here: https://the7circles.uk/people-stopped-saving/

      The couple thing is also a personal choice. If I was working towards early retirement, I wouldn’t want it to depend on someone else’s state pension. My longest relationship to date is 18 years (and counting) and I hope my retirement will be closer to 40 years.

      Mike

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How To Own The World – Why?

by Mike Rawson time to read: 11 min
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