Savers must put away £260k to retire in comfort, says Insurer Royal London 


Money Mail Reporter For The Daily Mail

Insurer Royal London says an average earner needs a retirement pot of around £260,000

Insurer Royal London says an average earner needs a retirement pot of around £260,000

Insurer Royal London says an average earner needs a retirement pot of around £260,000

Savers need to put aside a quarter of a million pounds to live ‘comfortably’ in retirement.

Insurer Royal London says an average earner needs a retirement pot of around £260,000.

Those who rent homes into their retirement could need a total pot as high as £445,000 to maintain their living standards, claims the research.

The report classes a comfortable retirement as an income worth two-thirds of the average £27,000 a year earnings.

It assumes someone would also receive a full state pension of £8,500 a year.

 

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