Retirement tends to be something that is rarely thought of on a daily basis, and when it is thought of, people tend to focus on the fun things they’ll do with their newfound free time rather than the financial requirement to afford such a lifestyle.
So, how much money do you need to retire? Well, it really depends. Factors such as inflation, where you live and how long you live all play a part in how far a certain amount of money will last for you. Below are a number of retirement stats that can help you make a better informed decision when planning for retirement.