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The average UK house price is £300k tho, so £500k isn’t top 10%.
It was mainly the £1m that I was struggling with. But it looks like £500 a month invested at 5% gets you there. If you work for 45 years. Forty. Five. Fucking. Years.
So depressing. Not helped by the fact my private pension contains £0.
This sounded really high to me, so I looked it up.
Who are these people and how have they got a £1m pension pot but ‘only’ a £500k house and £125k in actual money?
Is it because they’re old? How does it work?