In our last podcast, we celebrated Fran's incredible achievement of amassing a €2 million pension pot through decades of disciplined saving and investing.
Some who read it were inspired, some were envious, and others said "I don't bloody need €2m pension pot"!
Today, we're asking a different question entirely: Do I actually need a €2 million pension pot to retire comfortably?
And you'll see why I suggest the following are appropriate pension pots to fund a 'comfortable' retirement lifestyle;
- c€500k if you plan to retire in your mid 60's
- c€1m if you would like to retire in your mid 50's
These may seem like a luxury questions, but are the most important aspects in our retirement planning in Ireland.
Because here's the truth: knowing how much you need to spend in retirement is key to knowing how much you need to save for your pension pot Ireland.
Disclaimer: Seek professional advice before taking any course of action.
Informed Decisions Independent Financial Planning & Money Podcast