A recent poll found that 45% of working people would retire immediately in return for a lump sum of £1 million or less. For £2 million, a larger amount of people (53%) would be prepared to quit the rat race for good. Two-thirds (66%) would quit on the spot for £10 million.
Have you ever asked yourself this question – How much money do I need to retire comfortably?
My experience has taught me that few people ever ask themselves this question and those that do tend to leave it far too late.
Next time you receive an annual pension statement or find yourself discussing your long-term plans ask yourself ‘what is my number’?
If you would like help answering this question please feel free to get in touch. We would be delighted to speak with you.