We all hope to enjoy a comfortable retirement where money is not a problem but for many people it will be a struggle to get enough money into their retirement pot to be able to afford a comfortable retirement.
One problem we face is working out how much money we will need. We have no idea how much interest you will be getting in 20 years and nor do we have a clue how much things will cost. There are lots of if’s and maybe’s and this makes it a case of making educated guess rather than simple calculations but you can get some good ideas about it by following this link to find out how to calculate your retirement needs and what sorts of figures we are talking about. A word of warning though. It’s probably a lot more than you thought.
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