This Is How Much Brits Now Need for a Comfortable Retirement

A comfortable retirement in Britain now comes with a price tag that may surprise many workers. It is no longer just about covering bills and getting by; the latest benchmark includes more freedom, better holidays, a car, meals out, family support and room for some luxuries.

According to the latest Retirement Living Standards from Pensions UK, a single person now needs £45,400 a year for a comfortable retirement, while a two-person household needs £62,700. These figures are annual spending levels, not gross income, and they assume the retiree owns their home outright.