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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.
Hefty-
If you work for 45 years. Forty. Five. Fucking. Years.
That's slightly less than average, isn't it? Leave school at 18 and work until state pension at 67 is 49 years.
Put another way, it's only just over half of expected life expectancy at birth these days.
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Hitting the lifetime allowance of £1m on your pension pot is a very golf club grumble and happens fairly often, especially for civil servants of a certain age
NickCJ
greentricky
Because not everyone lives in the south east?