This article puts the cost of retirement for a pensioner couple around £500 00 (£600 000 in London).
the average household needs £564,227 to cover the cost of the first 20 years after quitting the workforce. The calculation is based on annual household expenditure for those aged 65 to 74 at £23,107.
Quite what happens in year 21 of retirement they don't say. You'd think they'd know, especially as they can calculate expenses over 20 years to the nearest pound...
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