Pension News
Retirement 'costs £326,700'
An individual living on their own in the UK needs around £326,700 on average in order to support themselves during retirement, it has been claimed.
A report carried out on behalf of the Life Trust found that increasing life expectancy means that a typical British couple will need close to £413,000 to cover their combined costs after they end their working lives.
In addition, ten per cent of people aged 55 are likely to reach three figures and could therefore need as much as £708,000 to support themselves for the rest of their lives.
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Jul 2 2008
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