22/10/2026
How much do you really need to retire? 💰
You may have heard of the Rule of 25: multiply your desired annual retirement income by 25.
Want £40,000 a year? That suggests you need £1 million invested.
But retirement isn’t that straightforward.
You may have a State Pension, workplace pensions, other income or savings to draw on.
And your spending will likely change over time.
In the early years, you might want to travel more, enjoy holidays or finally do the things you’ve put off while working.
That’s why retirement planning should start with the life you want to live, not a single number.
From there, we can work out how much you’ll need, when you’ll need it, where your income will come from and whether there are any gaps.
Because the real question isn’t just “How much do I need to retire?”
It’s “Will I be OK, and when can I afford to stop working?”
(The value of investments and pensions, and any income they produce, can fall as well as rise. You may get back less than you invested.)
