This is a difficult question i have and it's not been nosey so reply if you like!!
When retirement comes for me in 23 years i'll be 62 how much cash am i likely to need to survive on?
The old lads i work with are on there last legs of working with 2x at 62 1x at 58 who's off at 60 other two will be gone next year i guess.
I asked them this question only 2 you can get a answer out of and it's bank the most you can, Well thats not a answer so at 62 today is 100k lump sum and & 16k a year enough for most folk?
I know it would help if the mortgage has been paid off some time and you can save some aswell, but many seem to cope on a lot less.
66 is retirement age but i can see that going to 70 before it's my time, there's 3x of us at this age or about and talk and ask these questions.
|
