It's the question we get asked more than any other "Is there an amount of money that I need to retire?" and predictably the answer is not as straightforward as you would hope.
Why? Because everyone in their working lives, individual living and lifestyle costs, vary greatly from each other. We all have different retirement goals and the expense of these varies dramatically.
There are no right or wrong retirement goals, but there certainly is a right and wrong way to ensure that you have the ability to fulfil these goals.
Retirement is not as easy as we all think. It can be very daunting to know that you'll wake up one day and there'll be no pay cheque, no regular working income coming in.
With experience we have seen that proper forward planning will make the decision to retire easier and you can make this decision with a clear mind without regret.
Some common retirement goals and how they can differ: