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  • You can ballpark things by looking at the annuity rates: https://www.hl.co.uk/retirement/annuities/best-buy-rates

    £100k in your pension pot would buy you a static £3887/year income for life if you bought it now and were age 55.

    So if you wanted £35k/year for life (non-inflation adjusted) and want to retire at 55 you'll need something in the order of £900k in your pension pot by then at today's prices. You'll still be 12 years away (at least) from a state pension at this point.

    Obviously you'll need more than that as you'll want something that is going to track inflation in some way, otherwise £35k/year might be near nothing 20 years after retiring. Although some people retiring early will be using the state pension to top things up once they get to the right age.

    State pension age is currently 67. No idea what it will be by the time I get near then, but I expect it to be pushed out to at least 70.

    It's also made much more complicated by partners and joint pensions/etc.

    A financial adviser is probably the place to start.

  • Annuities seem like a terrible deal. You should be able to pretty safely withdraw £4k a year and still match inflation if you had £100k of S&S. Then when you die you've got a massive lump of S&S to pass on instead of the annuity which is presumably worthless.

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