£645,000 needed for a comfortable retirement

Quilter analysis of PLSA data finds comfortable retirees need an annual income of £26,000

Jasmine Urquhart
clock • 2 min read
Quilter analysis of PLSA data finds £645,000 is needed to retire comfortably
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Quilter analysis of PLSA data finds £645,000 is needed to retire comfortably

A single person looking to achieve a ‘comfortable’ retirement needs £645,000 pension pot, analysis of the Pensions and Lifetime Savings Association (PLSA) Retirement Living Standards (RLS) data has found.

The figures, which are based on an escalating income of 3% and an annuity rate of 5.1%, were calculated by Quilter after the PLSA data was released yesterday. The calculations found a ‘comfortab...

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Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

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