The question, ‘Have I saved enough to retire?’ is a difficult one. It requires a lot of information about you, your family, and your income needs in retirement. Also, to understand the various financial vehicles available for saving and investing before it can be answered definitively.
It’s hard to know exactly how much you’ll need in later life because everyone has different circumstances and different expectations. But by planning how much you’ll need, and working out how best to build up your pension pot, you’ll be in a better position to live your best life in later life.
Most people know they should save money to fund their retirement. But they may not know, however, how much money they should be saving in order to retire comfortably. So what should you consider?